The ETH chip area is experiencing abnormal movements and is currently running near a critical position

Chip distribution data shows that in the past two months, 50% of ETH's traded chips were concentrated in the range of $2221.29 to $2400.58, with the most concentrated price (POC) at $2310.94. The current ETH price is running in the middle of this range, but below the POC, which means that the POC price has shifted from the cost line to potential pressure. Before recovering POC, the short-term weak and volatile pattern of prices is difficult to reverse. The PRO version K-line can view the distribution of chips in different cycles, confirm whether the POC pressure has been confirmed in multiple cycles, and help determine the pressure intensity. The data is for reference only.