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🔔Analysis of ETH market trend on November 18:
ETH intraday resistance range 3131-3190
ETH intraday support range 2930-2867
The daily chart for ETH shows that on the 17th, there was a long lower shadow, indicating some buying support at lower levels, but overall it is still in a downtrend, with bearish forces prevailing; the moving averages are in a bearish arrangement, and the current price is constrained by EMA7 resistance. Hourly trading volume has shrunk, and market sentiment is quite cautious. After the increase in daily trading volume, it has gradually retreated, indicating that the selling pressure after the sharp drop has eased, but the bulls have not yet fully recovered.
Suggested operation:
Short near ETH 3131-3190, target 3092-3065
Buy around ETH 2930-2867, target 2952-2983
(Personal views are for reference only and do not constitute investment advice!)##ETH $ETH