ETH 4-hour cycle: Key support test, or welcome rebound opportunity

The current price is at 3021 USDT, which is rebounding from the strong support level of 2935-2947 in the chip intensive area. The trading volume in this area accounts for a high proportion of 8.07%, indicating a strong defensive willingness of bulls at this price point. Combined with membership indicators, the distribution of chips shows that the buying force is dominant at the support level (buy/sell ratio of 1.003), further verifying the possibility of price stabilization in the support zone. In addition, the K-line pattern showed a bottom pattern, and the RSI double bottom pattern simultaneously confirmed a bullish signal. Although MACD has downward pressure, the bearish momentum has weakened. Short term focus on the upward space after breaking through the resistance of 3023, with a target of 3045. Open membership immediately and accurately capture the key support and resistance of chip distribution! The data is sourced from the PRO member's [ETH/USDT Binance USDT perpetual 4-hour] K-line, for reference only, and does not constitute any investment advice.