11.25 Ethereum Market Analysis Reference

Ethereum continues to fluctuate within a range during the day, and in the evening there was a breakout upwards, currently reaching around 2980, with strong upward momentum, successfully breaking through the 2900 level. As of the time of writing, the price is running around 2970. If there is a rebound that cannot break through the key level of 3000, a pullback will likely follow soon, so it is advised to be prepared. After this upward movement, the support has already shifted up to around 2780-2800.

From the daily perspective, a large bullish candlestick with a gain of 172 points has formed, strongly breaking through the previous low of 2763 accompanied by a significant volume of 630,000 contracts, forming a clear bottom reversal signal. The hourly chart shows a staircase-like upward structure, continuously breaking through the integer levels of 2900 and 2950 without showing any significant pullback candlesticks, indicating a strong trend.

In terms of technical indicators, the daily MACD's DIF value (-245) has crossed above DEA, and the green bars have narrowed to -20.98, indicating a slight weakening of short-term bearish momentum. The hourly MACD histogram continues to expand to 31.74, with short-term bullish momentum prevailing. In terms of the daily moving average system, the current price has stabilized above the short-term EMA7 (2919), but is still under pressure from the bearish arrangement formed by the daily EMA30 (3314) and EMA120 (3665), so caution is needed regarding the pressure from the medium to long-term moving averages. The upper resistance lies in the 3000-3030 area.

11.25 Ethereum Short-term Strategy Reference:

Test lower at 3010-3075 for light short positions, stop loss at 30 points, target below 2960,

Test higher at 2781-2811 for long positions, stop loss at 30 points, target above 2860,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly; no matter how confident one is in market judgment, it is essential to manage take profits and stop losses well, securing gains. #BTC走势分析 #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）