ETH's key support is facing challenges, and the chip intensive area may become a watershed between long and short positions

The current price is stepping back on the strong support band in the 1916-1942 region, which is the high volume node (HVN) of chip distribution, and the proportion of buying orders exceeds 1.1, indicating a strong willingness of bulls to undertake. However, membership indicators show that the KDJ death cross is superimposed with overbought signals, increasing the risk of short-term pullback and potentially testing the support level below 1890. The MACD bar chart continues to shrink, and the downward momentum gradually strengthens. Although EMA24 has an upward slope, it is overall below EMA52, indicating a weak medium to long-term trend. If it falls below 1890, the price may accelerate towards the 1866 low point. Open a membership, unlock precise buying and selling points, and seize key opportunities! The data is sourced from the PRO member's [ETH/USDT Binance 1-hour] K-line, for reference only, and does not constitute any investment advice.