Ether welcomes a strong start in November, following the Chief Strategist's layout for a full rebound!

Yesterday's monthly candle closed, and the trend was as expected, with a pullback to around 3810 providing the best entry point. At the same time, it marked a strong start to November, with Ether long positions perfectly closed for profit.

【Analysis of Ether Price Trend on the Four-Hour Chart】

K-line pattern:

Recently, prices have been fluctuating within the 3800 to 3900 range, without breaking through significant key levels. The 16:00 candle on November 1st was a small bullish candle, indicating a slight advantage for the bulls, but the long upper shadow suggests some selling pressure around 3875.

Technical indicators:

MACD: DIF and DEA are both in negative territory, and the MACD histogram has shifted from green to red, indicating increased momentum, but still in a weak rebound phase.

RSI: Currently at 46.37, in a neutral to slightly weak zone, not yet in overbought or oversold territory.

EMA: The short-term EMA7 (3861.94) is close to the closing price, providing support; EMA30 (3911.78) and EMA120 (3996.67) are well above the current price, forming resistance.

Volume:

Recent trade volumes have gradually decreased, from a significant increase on October 31st to lower volumes on November 1st, indicating market sentiment is stabilizing. The current four-hour volume is 15,471, lower than previous candles, showing a cautious market mood.

November 1st evening Ether strategy:

It is recommended to enter long positions on pullbacks to around 3850-3840, with target levels at 3900-3940.

If the trend continues to pull back, consider margin replenishment around 3800, targeting 3860-3900. Breaking above 3900 suggests holding further!

I hope more people can learn the ability to make money through me, recognize opportunities to profit, and genuinely earn the returns they desire! Let’s dance with the market together!