CryptoWorld News reports that XBIT DEX stated that, based on ETH chip distribution data, over the past six months, 50% of ETH traded chips have been concentrated in the $1,907.03-$2,283.25 range, with the most heavily traded price (POC) at $2,060.94. Currently, ETH is trading around the middle of this range, but it is below the POC, which means the POC level has shifted from the cost line to a potential resistance. Until the price recaptures the POC, the short-term weak oscillation pattern is unlikely to be reversed.

ETH-0.45%
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BridgeHopBella
· 9h ago
The support level turns into the cost line, and vice versa—the cost line becomes the support; the market is just that ruthless.
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WatchingWhalesUnderTheNeon
· 9h ago
Continue to stay in prison
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QuietAirdropper
· 9h ago
Running below the POC is indeed uncomfortable; the bulls need to work harder.
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ChillBlock
· 9h ago
ETH's trend, a typical case of neither going up nor coming down, it's frustrating.
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CyberBridgeDeepPerspective
· 9h ago
Half a year of chips concentrated in this narrow range indicates that everyone's costs are quite close.
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MechanicalHummingbirdGlass
· 9h ago
2060 has become the resistance level; this script feels a bit familiar.
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Cross-SectionOfSucculent
· 9h ago
I remember the number 2060.94; if I can't break through, I'll keep grinding.
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