11.13 Morning Ethereum Market Analysis and Strategy

Risk aversion drives the price of coins to temporarily break away from the oscillation range, but the lack of new catalysts leads to obstacles in upward breakthroughs; coupled with the absence of official data in September, weakness in the private sector, and pressure from weekly layoff data, the market focuses on the December Federal Reserve interest rate cut signal, with coin prices maintaining a weak oscillation and continuing to decline, overall shorts dominate. After a rapid drop in the early morning, the K-line body shrinks, showing signs of a temporary stop in the decline; the bearish momentum below the MACD zero line is diminishing, the histogram is contracting, and the RSI≈30 is close to oversold (no trend has formed), indicating a possibility of a short-term rebound, but the EMA7/30/120 is in a bearish arrangement, with EMA7 closely aligned with the current price forming a short-term strong resistance at 3450-3490, and the medium-term moving averages EMA30/120 are far away, reflecting a weak trend.

Trading Strategy: Focus on shorting during rebounds

- Entry Range: 3450-3490 (Hourly EMA7 resistance zone), light position to try shorting;

- Target Levels: First target 3370 short-term support, second target near previous low of 3330;

- Stop Loss Rule: If the price quickly breaks through 3500 (EMA30 resistance level), short positions must exit in a timely manner.

Key Reminder: The strategy is based on the current technical situation and market sentiment, and it is necessary to dynamically track official employment data and Federal Reserve statements for flexible adjustments. #以太坊合约