Ether's layout has been anticipated for a long time, and tonight you can continue to enter long orders!

Ether yesterday evening successfully exited with profit from long positions again. Currently, focus should be on the strong support level at 3680. As long as the trend remains intact, consider continuing to enter long positions.

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

K-line pattern:

The daily chart shows recent prices continuously falling, with a large bearish line formed on November 3rd, closing below the previous trading day's lowest point, indicating a weak trend. On the four-hour cycle, the price quickly dropped from around 3900 to the 3700 area, followed by a slight consolidation after several bearish lines.

Technical indicators:

MACD: The four-hour MACD histogram remains negative and is expanding, with the fast and slow lines below the zero axis, clearly indicating a short position trend.

RSI: The four-hour RSI is at 33.3, approaching the oversold zone but not yet in extreme oversold territory, suggesting a potential short-term rebound.

EMA: The current price is below the EMA7, EMA30, and EMA120 lines, indicating an overall downtrend. The death cross between EMA7 and EMA30 further confirms downward pressure.

Volume:

The daily volume has significantly increased, reaching 156,935,456 on November 3rd, indicating strong selling pressure. During the big dump on the four-hour cycle, high volume accompanied the decline, followed by a volume reduction during adjustment, reflecting cautious market sentiment.

November 3rd evening Ether trend analysis and trading suggestions:

It is recommended to enter long orders near 3680-3700, with target levels at 3740-3780-3900. If the trend breaks above 3900, you can continue to hold!

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