📣11/7 Ethereum Trend Precision Analysis and Operational Ideas Sharing:



Over the weekend, the trend was mainly characterized by consolidation. ETH is currently operating at the 3038 level. Previously, it surged to 3068 and then pulled back, showing a pattern of consolidation and stabilization after the rally and retracement. In the short term, it is biased toward range-bound correction. Recently, the 1-hour candlestick structure first showed a long upper shadow with a surge, followed by several small bearish and bullish consolidation candles, forming a squeezing pattern indicative of bottom consolidation, reflecting a tug-of-war between bulls and bears in the 3040-3050 range. The 3023 level below has become a strong short-term support. After testing 3023 and quickly rebounding, this level confirms its effectiveness as short-term support. The failure to break through the 3068 resistance to the upside indicates significant selling pressure in the 3060-3070 range.

From the 4-hour Ethereum price trend analysis, after the sharp drop on December 5, the price showed a consolidation trend and is currently fluctuating within a narrow range. The previous highs (3190-3238) have formed a clear resistance zone, and the current price has not broken above the 3056 area. In the MACD 4-hour period, both DIF and DEA are below the zero axis, and the MACD histogram remains negative, showing bearish dominance, although the momentum is weakening. The RSI value is near 50, indicating neutral market sentiment and unclear short-term direction. EMA7, EMA30, and EMA120 are arranged in a bearish alignment, and the price is below all moving averages, indicating the overall trend remains bearish. EMA7 is exerting some pressure on the price. The daily trading volume is gradually shrinking, reflecting strong market wait-and-see sentiment. In the 4-hour period, volume increased after the large bearish candle from 20:00 on December 6 to 00:00 on December 7, but then trading volume dropped significantly, indicating a temporary stalemate between bulls and bears.

11/7 Ethereum Trading Suggestions:

It is recommended to enter short positions in Ethereum around 3050-3060, with target points at 3010-2980-2950.

The market changes rapidly, and this article is time-sensitive. Real-time strategies are provided free of charge for guidance! $BTC $ETH #成长值抽奖赢iPhone17和周边 #十二月降息预测 #反弹币种推荐 #比特币行情观察 #今日你看涨还是看跌? $BTC
ETH6.59%
BTC2.46%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)