📣 Ethereum Trend Analysis and Trading Strategy for the Evening of 11/23:



 The 4-hour cycle of Ethereum shows a distinct suppression pattern: every time the price rebounds to the middle band area, it encounters significant selling pressure, with the upper boundary of the descending channel acting as continuous resistance, maintaining a core structure of oscillating downward movement. It is worth noting that trading volume shows a stepped decline during rebounds, which is typical of a volume-less pullback pattern, reflecting insufficient buying momentum in the market and that bears still firmly hold the dominant position.

 Recently, the price has gradually rebounded from a low of around 2735 to 2843, forming a short-term upward trend. After the sharp drop on November 21, there are signs of stabilization, with two consecutive days of bullish candles, indicating strengthening bullish momentum. Both MACD DIF and DEA are in negative territory but are converging upward, and the red bars of the MACD histogram are expanding, indicating weakening bearishness and bulls accumulating strength. The current RSI is 48.34, close to the neutral range, not yet entering overbought or oversold territory, suggesting relatively stable market sentiment. EMA7 (2801.89) has crossed above EMA30 (2871.38), but both are still well below EMA120 (3215.85), indicating rebound momentum in the short term, while the medium- to long-term outlook remains bearish.

 Ethereum Trading Strategy for the Evening of 11/23:

 It is recommended to enter a short position if Ethereum rebounds to around 2860-2870, with target levels at 2820-2780-2750.

 The market changes rapidly, and this article is time-sensitive. Real-time strategies and free guidance are available! $BTC $ETH #逆势上涨币种推荐 #比特币行情观察 #广场发币瓜分千U奖池 #今日你看涨还是看跌? #晒出我的Alpha积分 $BTC
ETH-1.52%
BTC-0.63%
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
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)