ETH under short-term pressure, key support to be tested

Currently, ETH is below the EMA24 and EMA52 moving averages, and member indicators show that the price is testing the strong support level of 2307. The distribution of chips indicates that buying in this region accounts for 98.2%, which may provide short-term support. However, although KDJ has a golden cross, the growth momentum of MACD bar chart is insufficient, and the upward space is limited. The trading volume has shrunk to 33.98% of the recent average, and market sentiment is sluggish. We need to be alert to the risk of accelerated decline after falling below support. The resistance above 2929 is significant, making it difficult to break through. Open membership, accurately track chip dynamics, and seize high and low point opportunities! 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.