Anomaly detected in the ETH concentration zone, a signal appears as the price holds a key level
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Chip distribution data shows: Over the past six months, 50% of ETH's traded chips were concentrated in the $1,907.03-$2,283.25 range, with the most concentrated traded price (POC) at $2,060.94. Currently, the ETH price is operating in the middle of this range and is above the POC price. This means that 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 trend will be maintained. If there is high volume and the price falls below the POC, then the bullish advantage is lost. PRO "Chip Distribution" supports switching between more time periods to view the evolution trend of the POC, helping to assess whether the support is solid. This data is for reference only.
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