📣11/22 Ethereum Trend Analysis and Trading Suggestions🎉:

Yesterday’s Ethereum short position setup exited perfectly, capturing nearly 120 points of profit. The current trend is still ongoing...

On the daily chart, the breakdown is now complete. The lower Bollinger Band has been decisively breached, with the price barely holding around 2730. RSI has reached an extremely oversold area at 27, and the MACD green bars continue to expand. Although there is still short-term downward pressure, such sharp declines are often followed by a technical rebound at any time.

On the four-hour chart, multiple bearish candlesticks have formed. A small rebound has occurred after the recent plunge, but the overall trend remains in a descending channel and has not broken key resistance levels. The MACD histogram indicates strong bearish momentum, with both DIF and DEA running below the zero line and the gap widening, suggesting the market is still weak. RSI is at 33.14, close to the oversold range but not yet at an extremely oversold level, so a short-term technical rebound is possible. EMA7, EMA30, and EMA120 are all diverging downward, with the price currently below all moving averages, and EMA7 is providing short-term resistance.

Key levels: 2620 below is the last line of defense. If it breaks, look for 2500. 2850-2900 above has become the new strong resistance zone.

11/22 Ethereum Trading Strategy:

Short on rebounds to around 2770-2790, target 2720-2680-2600. If 2600 breaks, continue to hold short!

For trend rebound, consider adding to shorts around 2840, target levels: 2740-2700-2680.

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