ETH key resistance approaching: $2059 may become a long short watershed

According to chip data, the current price of ETH is approaching the strong resistance zone of $2059, where trading volume is dense and buying accounts for 1.23%, indicating significant selling pressure. Combined with membership indicators, the J value has entered an extremely overbought range, coupled with the K-line top pattern, indicating an increased risk of short-term pullback. If the price cannot effectively break through $2059, it may retrace to $2047 support. The EMA24 and EMA52 moving averages are in a bearish trend, further confirming that the downward trend has not changed. The trading volume has shrunk to 48% of the recent average, indicating insufficient market momentum. A rebound requires stronger buying support. Unlock member indicators, accurately capture resistance level breakthrough and callback signals, and seize the opportunity! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.