ETH short-term trend reversal signal appears, key support to be verified

Member indicators show that the current ETH trading volume is extremely shrinking, only 44.06% of the recent average, indicating a strong wait-and-see sentiment in the market. Meanwhile, the price is below the EMA24/52 moving average, showing an overall weak pattern. The distribution of chips reveals that 3106.5 is a strong support level, and if it falls below, it may accelerate the exploration of the low volume area of 3031.5. Although the MACD bar chart shows an increase in upward momentum, the convergence of the KDJ indicator suggests limited room for rebound. Combining with the latest K-line pattern of the Cross Star, there is fierce competition between long and short positions, and short-term attention should be paid to the breakthrough of resistance on 3128.5. Unlock member indicators, accurately capture trend reversal 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.