📣Analysis of Ethereum trends and trading strategy sharing on the evening of 11/24:

Yesterday's trading strategy was to short Ethereum as it rebounded to around 2860-2870, with target points at 2820-2780-2750. The first target point of 2820 has been reached, and conservative traders can exit with a profit, while aggressive traders can continue to hold!

Although Ethereum is currently under pressure on the daily chart and the overall trend is mainly a fluctuating decline, there is still a strong demand for a rebound this week after the previous two days of fluctuations. Considering that today's early session peaked at 2880 without breaking, we can still short in the short term. Please note that the rebound sentiment this week is quite strong, so those who are bearish can only operate in the short term!

From the four-hour Ethereum trend chart, the recent price of the candlestick shows a fluctuating downward trend. After a significant drop on November 21, the rebound strength in the past few days has been weak. The daily candlestick shows multiple upper shadows, indicating heavy selling pressure above, making it difficult to break through in the short term. In the MACD four-hour cycle, both DIF and DEA are operating below the zero axis, but there are signs of convergence, indicating a weakening of bearish momentum; the daily level is still in the bearish zone and has not formed a clear golden cross signal. The RSI for the four-hour period is at 44.26, situated in the neutral to weak range, showing cautious market sentiment; the daily RSI is gradually recovering from the oversold area but has not entered the strong zone. The current price is below EMA7, EMA30, and EMA120, indicating that the overall trend remains bearish. EMA7 (2815.49) constitutes short-term pressure on the price. The four-hour trading volume has shrunk, showing strong market wait-and-see sentiment. The daily trading volume has significantly decreased compared to previous days, indicating insufficient capital inflow and limited upward momentum.

Ethereum trading strategy sharing on the evening of 11/24:

It is recommended to enter short positions near Ethereum 2840-2820, with target points: 2780-2740. For trend rebounds, it is suggested to add to short positions near 2880! Target points: 2830-2800!

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