First of all, congratulations to the 3200 frens who entered the market lying in ambush for ETH. Steady individuals may consider exiting now.

ETH trend analysis
Conclusion: The hourly period is in a sideways adjustment, continuing to develop to the right, constructing a center.
K-line pattern: A long upper shadow appeared on the 1-hour level (from 3647.15 to 3579.46), indicating strong selling pressure above 3600. The daily level shows 3 consecutive K-lines with long lower shadows (from 3503.71 to 3657.47), suggesting strong support in the 3450-3500 range.
Technical Indicators: MACD: 1-hour level DIF crosses below DEA forming a death cross (-0.63/3.37), but daily level MACD green bars continue to shrink (-2.69), indicating a bottom divergence. RSI: 1-hour RSI (48.09) is neutral to weak, daily RSI (42.93) is close to the oversold zone but has not triggered a divergence. EMA: Price has dropped below the 1-hour EMA7 (3558.75) but is supported by EMA120 (3508.75), daily EMA30 (3772.35) forms strong resistance.
Trading volume: On the day of the crash (November 10, 22:00), the volume surged to 2.3 billion, but during the recent rebound phase, the volume shrank to a critical support level of 3500, where a single K-line saw a volume of 1.29 billion being absorbed. #eth