📣11/21 Ethereum Trend In-Depth Analysis, Forecast, and Intraday Strategy Sharing🎉:

On the daily chart, a large bearish candle with increased volume closed to the downside, with recent defense at the 3000 zone once again breached. Today’s decline continues, currently finding support near the strongest Fibonacci resistance line (61.8% retracement) around 2750. This level is also the upper boundary support of the 2400-2700 range where Ethereum built a bottom between May and July this year. The moving average system shows all short- and medium-term MAs (MA7/14/30/90) in a clear bearish alignment, especially the short-term MA7, which is exerting strong downward pressure—the candlesticks have been moving along MA7 without any reversal or effective stabilization, indicating Ethereum is in a bear-driven unilateral downtrend. Volume continues to expand with strong downward movement; rebound momentum is clearly insufficient and can only be considered a technical correction. The MACD fast line is again opening downward, with negative histogram values expanding, no convergence, and no sign of bullish divergence.

On the 4-hour chart, recent candlesticks have shown multiple long upper wicks and solid bearish bodies, indicating heavy selling pressure above. The 4-hour MACD remains below the zero line, with both DIF and DEA diverging downward, showing increased bearish momentum. RSI(14) is currently at 27.23, in the oversold zone, but with no signs of a rebound, the market remains weak. Price has also fallen below EMA7, EMA30, and EMA120, with the short-term EMA7 dropping quickly, forming a bearish alignment and putting pressure on price.

For the upcoming week, focus on the 24-27 support zone. If the daily chart repeatedly wicks into this zone and rebounds, with longer lower shadows and increased volume, it can be considered a bottoming signal. Conversely, if 2400 is broken, a new round of panic selling may ensue. For intraday operations, focus on the 2780-2830 resistance area for short opportunities above, and the 2700-2650 support area below.

11/21 Evening Ethereum Operation Recommendations:

It is recommended to short Ethereum around 2720-2740, target levels: 2680-2640-2620. If it breaks below 2500, continue to hold! For trend rebounds, consider adding to shorts near 2780; control target levels yourself!

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