Chip Distribution: ETH May Test Support Conversion, Only 0.49% Away from Major Chip Cluster

PRO Chip Distribution data shows: In the past 48 hours, 50% of ETH transactions were concentrated in the $1,687.33 to $1,747.07 range. Currently, the ETH price is above this concentration zone, approximately 0.49% above the upper boundary of the range. This position was previously a key resistance level for the breakout and has now turned into potential support. If ETH pulls back and is able to gain effective support at $1,747.07, it indicates the previous breakout is valid and the price trend may continue. PRO users can use the "Chip Distribution" indicator to confirm trading volume changes at this support level and assess its strength. Data is for reference only.