$ETH Bottom Chip Zone, Short-term Rebound or Continued Bottoming?
Currently, ETH is in a key support testing phase, and the position of the bottom chip peak is likely to determine the market direction ahead.
From the 4-hour candlestick chart, #以太 is currently fluctuating around the 3590 position, just at the lower edge of the 3770–3794 chip dense area, which is an important reference for observing the long-short game.
On the technical front, the KDJ indicator has formed a golden cross and is in the oversold zone, combined with the candlestick pattern forming a "Hammer", indicating a certain rebound signal, and the probability of a short-term rise is increasing.
However, it is important to note that ETH is currently being suppressed by the EMA24 and EMA52 moving averages, and the overall trend is weak. If it cannot firmly stand above the 3600 position, the market may again test the 3550 USD support area.
So the key is: whether the bottom chip zone can truly stabilize, which will be the watershed for determining the subsequent trend!
This wave of market movement may be a once-in-a-decade low buy opportunity, and missing it might mean waiting for another cycle.
