📣Yesterday, Ether long orders closed with perfect profits; during a pullback, continue to go long.📈

Yesterday’s long order profits need not be elaborated on; I believe many people have achieved good returns. Let’s focus on the trend for a more practical perspective. Currently, 3850 is the support level below, which is also the middle band and lower band support points on the four-hour and one-hour charts. Keep an eye on this level.

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

K-line Pattern:

In the recent 4-hour cycle, the price has oscillated between 3860 and 3900, forming a slight pullback trend. There is resistance near the previous high of around 3892. The daily chart shows recent consecutive bearish closes, indicating an overall downtrend, but a rebound signal appeared on November 1.

Technical Indicators:

MACD: In the four-hour cycle, the MACD histogram continues to shorten, with DIF and DEA both in negative territory. The bearish momentum is weakening but still dominant.

RSI: The RSI14 value is 45.24, not entering overbought or oversold zones, indicating the current market is leaning towards consolidation.

EMA: The price is currently below EMA7 (3877.83) and far from EMA30 (3899.56), showing clear short-term moving average resistance; EMA120 (3982.41) indicates the long-term trend remains bearish.

Volume:

The four-hour volume has gradually decreased from 28,503,526 at 16:00 to 11,113,822 at 20:00, indicating reduced market activity. The daily volume has decreased compared to previous days, suggesting both bulls and bears are currently cautious.

Ether Trading Strategy and Ideas for the Evening of November 2:

It is recommended to go long near 3850, with target levels at 3890, 3920, and 3960. During a pullback, consider adding margin replenishment near 3800, with target levels at 3870 and 3900. If the price breaks above 3900, hold according to the trend.