11.24 Ethereum Market Analysis Reference

Ethereum has been oscillating upwards intraday, with the current high reaching around 2870, marking an intraday increase of nearly 100 points. The price surge is relatively strong, but it has yet to break through the 2900 level, indicating there is still significant resistance above. If the price fails to continue rebounding, a pullback could follow soon, so it’s advisable to be prepared.

On the 4-hour chart, the market has recently formed a double bottom structure in the 2704-2733 range. The key short-term resistance is near 2860. After testing the 2786 low, the price rebounded. On the daily chart, long lower shadows have been repeatedly formed in the 2623/2675 area, indicating buying support at lower levels, but the closing price remains suppressed by the 7-day moving average. The overall moving average system is still in a bearish arrangement, and the downward trend has not yet reversed.

From a technical indicator perspective, the 4-hour MACD shows a bullish divergence signal, meaning the price made a new low while the DIF did not break the previous low, suggesting weakening downward momentum. The daily MACD histogram shows reduced selling pressure, reflecting a contraction in bearish strength. Additionally, on the 4-hour chart, EMA7’s attempt to cross above EMA30 was unsuccessful, and the price is still strongly suppressed by the 120EMA (near 3208). The overall structure remains bearish, and attention should be paid to whether short-term moving average resistance can be effectively broken to confirm a stabilization signal.

Short-term resistance to watch is around 2860, followed by the 2930 area.

11.24 Ethereum Short-term Strategy Reference:
- Test short positions at 2915-2875, stop-loss 30 points, target below 2800
- Test long positions at 2681-2611, stop-loss 30 points, target above 2720

There may be a delay in article delivery. Strategy suggestions are for reference only. The market is highly volatile—regardless of your market judgment, always set take-profit and stop-loss orders to secure profits. #逆势上涨币种推荐 $GT $ETH $BTC $