On November 28, Ethereum has entered a short-term rising channel at the 4-hour level. Previously, the long lower shadow hammer candlestick was confirmed by three consecutive bullish lines. After the price broke through the neckline at $3050, it was pressured and pulled back around $3070, entering a range-bound rhythm. At this level, the MACD showed a top divergence, and although the higher trade volumes decreased consecutively, the candlestick still diverged upward. The Bollinger Band indicated that $2956 became a key support for the channel. Meanwhile, the MACD at the 2-hour level showed enhanced bearish strength, and at the hourly level, there is still a decline in volume and a divergence structure. In the short term, it fluctuates repeatedly in the range of $2980 - $3085. Overall, although the bulls have the potential to break out further, the selling pressure above is evident, and caution is needed for the risk of false breakouts. A breakthrough or breakdown of the current range will become a key turning signal for the subsequent trend. #成长值抽奖赢iPhone17和周边 $ETH
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On November 28, Ethereum has entered a short-term rising channel at the 4-hour level. Previously, the long lower shadow hammer candlestick was confirmed by three consecutive bullish lines. After the price broke through the neckline at $3050, it was pressured and pulled back around $3070, entering a range-bound rhythm. At this level, the MACD showed a top divergence, and although the higher trade volumes decreased consecutively, the candlestick still diverged upward. The Bollinger Band indicated that $2956 became a key support for the channel. Meanwhile, the MACD at the 2-hour level showed enhanced bearish strength, and at the hourly level, there is still a decline in volume and a divergence structure. In the short term, it fluctuates repeatedly in the range of $2980 - $3085. Overall, although the bulls have the potential to break out further, the selling pressure above is evident, and caution is needed for the risk of false breakouts. A breakthrough or breakdown of the current range will become a key turning signal for the subsequent trend. #成长值抽奖赢iPhone17和周边 $ETH