Short-term Direction of ETH: Key Lies in the Dense Chip Zone

AIcoin2026/01/16 23:15

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

The 4-hour timeframe shows that ETH price is approaching the 3329.5 resistance level, which is currently the area with the highest concentration of positions. The buy/sell ratio is only 0.91, indicating strong selling pressure. Combined with member indicators, trading volume continues to shrink and is arranged in a bearish pattern, suggesting insufficient market activity and limited upward momentum. In addition, the candlestick top reversal pattern and KDJ death cross signal further confirm short-term pressure. Currently, the price is above the EMA24/52 moving averages, but if it falls below the 3264 support, it may accelerate a pullback towards the strong support at 3120.5. Pay close attention to the breakout direction in the high-concentration area. Activate membership to accurately capture changes in position distribution and lock in buy/sell points in advance!Data sourced from PRO members [ETH/USDT, a certain exchange, 4-hour] candlestick chart, for reference only and does not constitute any investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36

Analyst Gu Jingci: The market doesn't stop during the holidays. Slow movements don't mean no progress. With more patience comes greater rewards.

AiCoin•2026/09/26 11:05

RootData: BIO will unlock tokens worth about $1 million in one week

Chaincatcher•2026/09/26 09:03