11.26 Ethereum market analysis reference

Ethereum's morning upward movement was as expected, encountering resistance around the 2985 position and pulling back. Subsequently, the price continuously tested downward, and after multiple intraday pullbacks, it rebounded, with the coin price fluctuating back and forth in a small range. On the 4-hour level, a long lower shadow candlestick was formed near 2900, confirming strong support in that area. On the daily level, there have been two consecutive bullish candles, successfully breaking through the previous high of 2953, forming a short-term upward channel.

In terms of technical indicators, the 4-hour MACD has achieved a golden cross with DIF crossing above DEA; the green bars of the daily MACD are also continuing to shorten, indicating that the downward momentum is weakening. In the moving average system, the price is currently stable above the 4-hour EMA7 (2906) and EMA30 (2880), indicating a strong short-term structure, but the far-off daily EMA120 (3150) is expected to form an important long-term resistance level.

For the rebound above, still focus on the area near 3000, followed by 3060; for support below, pay attention to 2860.

11.26 Ethereum short-term strategy reference:

Short test 3010-3075 lightly, stop loss 30 points, target below 2960,

Long test position 2781-2831, stop loss 30 points, target above 2890,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, stop-loss and take-profit measures must be in place to ensure safety, securing gains. #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼） #BTC