📣Ethereum market analysis and trading strategy sharing on the evening of 11/25🔗:
Ethereum market recap: After rising to around 2985 in the early morning, it showed a stepwise decline during the day, falling back to around 2865. Currently, it is oscillating near 2890.
From the current four-hour structure, the K-line price has been fluctuating around 2900 recently. After a significant rise on November 24, it retraced and is currently undergoing a high-level adjustment. The daily chart shows a long upper shadow bullish candle on November 24, indicating heavy selling pressure above; subsequently, a bearish candle was formed on November 25, suggesting short-term retracement pressure. MACD: In the 4-hour cycle, both DIF and DEA are negative, but the histogram is shortening, indicating a weakening of bearish momentum. The daily MACD remains below the zero line, with a bearish trend. RSI: The 4-hour RSI has fallen from the overbought area to 51.39, showing a decline in bullish strength; the daily RSI remains around 50, indicating neutral market sentiment. EMA: The current price is operating below EMA7 (2889.60), facing short-term pressure; EMA30 (2874.23) provides support, while EMA120 (3158.13) is far from the current price, maintaining a long-term bearish trend.
Ethereum trading strategy share for the evening of 11/25: (short first, then long)
Short first: It is recommended to enter a short position near Ethereum 2900, target points: 2850-2830.
Long positions are recommended to be entered around Ethereum 2830-2840, with target points: 2880-2920-2950.
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📣Ethereum market analysis and trading strategy sharing on the evening of 11/25🔗:
Ethereum market recap: After rising to around 2985 in the early morning, it showed a stepwise decline during the day, falling back to around 2865. Currently, it is oscillating near 2890.
From the current four-hour structure, the K-line price has been fluctuating around 2900 recently. After a significant rise on November 24, it retraced and is currently undergoing a high-level adjustment. The daily chart shows a long upper shadow bullish candle on November 24, indicating heavy selling pressure above; subsequently, a bearish candle was formed on November 25, suggesting short-term retracement pressure. MACD: In the 4-hour cycle, both DIF and DEA are negative, but the histogram is shortening, indicating a weakening of bearish momentum. The daily MACD remains below the zero line, with a bearish trend. RSI: The 4-hour RSI has fallen from the overbought area to 51.39, showing a decline in bullish strength; the daily RSI remains around 50, indicating neutral market sentiment. EMA: The current price is operating below EMA7 (2889.60), facing short-term pressure; EMA30 (2874.23) provides support, while EMA120 (3158.13) is far from the current price, maintaining a long-term bearish trend.
Ethereum trading strategy share for the evening of 11/25: (short first, then long)
Short first: It is recommended to enter a short position near Ethereum 2900, target points: 2850-2830.
Long positions are recommended to be entered around Ethereum 2830-2840, with target points: 2880-2920-2950.
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