According to CoinMeta, based on early data of in, chip distribution shows that in the past quarter, 50% of the trading chips for ETH were concentrated in the range of $1,697.93-$1,933.90, with the most active trading price ($POC) at $1,871.44. Currently, the price of ETH is operating in the middle of this range and above the price of POC, which means that the price level of POC has shifted from a cost line to a psychological support line. As long as the price does not fall below POC, the short-term bullish trend will be maintained. However, if the price breaks down significantly below POC, then the bullish advantage will be lost.