11.28 ETH analysis

Ethereum has slightly risen at a high level, reaching the resistance at the 3070 line before pulling back, and is currently in a consolidation phase. The daily chart has formed a double bottom pattern (the low of 2763 on November 24 and the low of 2888 on November 26). On the 4-hour chart, a key reversal signal has emerged: the long lower shadow hammer candle formed at 20:00 on November 27 has been confirmed effective by three consecutive bullish candles, driving the price to successfully break through the neckline at 3050. The moving average system is beginning to show the initial shape of a bullish arrangement, with the current price firmly standing above the short-term support range formed by EMA7 (3018) and EMA30 (2950), while the EMA120 (3119) above creates clear resistance.

On the indicator level, the 4-hour MACD indicator's DIF and DEA have completed a second golden cross above the zero axis (42.78/35.31). The daily MACD histogram has turned red for five consecutive days. Although it is still below the zero axis, the recovery momentum continues to strengthen. It is important to note that the price may subsequently pull back to the 2600 level, so it is advisable to prepare in advance. Despite Ethereum's recent upward fluctuation range, the coin price is close to the key resistance level of the daily mid-axis. The fluctuation pattern will continue until an effective breakthrough is achieved. The operational strategy remains to maintain high short and low long positions. In the short term, pay close attention to the resistance range of 3100-3130 above, while the support focuses on the 2930 level below.
Operation Suggestions:
3060-3105 is empty, target below 3000
#十二月降息预测