ETH shows abnormal range-bound movement, with POC position signals drawing attention

Chip distribution data shows: In the past six months, 50% of ETH transactions concentrated in the $1,907.03-$2,351.66 range, with the most concentrated transaction price (POC) at $2,060.94. Currently, ETH’s price is running in the middle of this range and is above the POC price, meaning the POC level has shifted from a cost line to a psychological support line. As long as the price does not fall below the POC, the short-term bullish pattern remains. If there is heavy volume breaking below POC, the bullish advantage is lost. PRO "Chip Distribution" supports switching between more periods to observe the evolution trend of POC and helps determine if the support is solid. Data is for reference only.