Chip Distribution: ETH is operating in the middle of the chip zone, currently positioned in a relatively strong area above the POC.
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Chip distribution data shows: In the past half year, 50% of ETH trades were concentrated in the $1,889.78-$2,389.49 range, with the highest concentration price (POC) at $2,062.76. The current ETH price is running in the middle of this range and is above the POC price, which means the POC price 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 the price falls below the POC with increased volume, the bullish advantage will be lost. PRO "Chip Distribution" supports switching between more timeframes to view the evolving trend of the POC and helps determine whether the support is firm. Data is for reference only.
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