ETH Trend Analysis

Conclusion: You can go long around 3150, with a stop loss, using a small position size with low leverage. The trend is bearish, and there is sideways adjustment in the short term, with a fluctuation range of 3150-3250.
K-line pattern: A double bottom structure has formed at the 1-hour level, with two effective tests of support around 3150, indicating short-term rebound demand. The daily level has seen four consecutive bearish candles with long lower shadows, showing clear signs of exhaustion in bearish momentum. The key integer level of 3200 is being contested repeatedly, forming a dense trading area.
Technical indicators: MACD: The 1-hour level DIF and DEA have formed a golden cross below the zero axis, and the histogram has turned red. The daily level is still in the bearish zone but has formed a bottom divergence. RSI: The 1-hour level is 36.4, exiting the oversold zone, while the daily level is 33.3, entering a technically oversold area. EMA: Prices continue to be pressured below EMA7(3187), with EMA30(3272) and EMA120(3406) forming a bearish arrangement.
Trading volume: During the crash, the single-day trading volume reached 950,000 (on November 13), and in the last two days, it has shrunk to the level of 400,000. The selling pressure has eased, and during the one-hour rebound, the trading volume increased moderately (with a trading volume of 16,000 corresponding to a bullish candle during the 18:00 period) #eth