11/5 Ethereum Market Trend Analysis and Trading Recommendations:

Yesterday, the Ethereum long positions once again closed with profits. Although Ethereum has experienced a pullback, the current trend is still likely to test the 3250 level.

From the four-hour Ethereum price trend analysis, the K-line shows that the recent price quickly surged from the low of 2805 on December 2nd to the high of 3214 on December 3rd, forming a strong upward trend. However, it then encountered resistance above 3200 and pulled back. The current K-line presents a consolidation pattern, with small bearish candles at the high, indicating that bullish and bearish forces are temporarily balanced. Currently, DIF and DEA are gradually converging, and the red bars are shortening, indicating weakening upward momentum and a need for adjustment. The RSI14 value is 57, which is in a neutral-to-strong area but has not entered the overbought zone, suggesting that short-term consolidation may continue. EMA7 (3146) and EMA30 (3069) remain in a bullish arrangement, with the price running below EMA7, indicating a possible short-term test of support. There was significant volume from December 2nd to December 3rd, accompanying the sharp price rise, showing strong capital inflow. In recent periods, trading volume has shrunk, and market sentiment is becoming more cautious.

11/5 Evening Ethereum Trading Recommendations:

It is recommended to enter long positions in Ethereum around 3120-3100, with target points at 3170-3200-3240.

Market conditions change rapidly. This article is time-sensitive. Real-time strategies are available for free guidance!