📣Analysis of Ethereum Market Trends on the Night of November 4 and Sharing of Strategies📈:

Today, global stock indices declined, with A-shares falling. Even the traditionally strong Korean and Japanese markets dropped, and Europe was mostly in the red, which also affected Bitcoin and Ether.

⚠️The core reasons are fourfold:

1. Influenced by hawkish remarks from Federal Reserve officials, the US dollar index strengthened, and US Treasury yields rose, suppressing commodities and concept stocks;
2. Popular assets like Bitcoin and Ether retreated, combined with Warren Buffett’s high cash reserves, increasing pressure for capital realization;
3. Doubts persist about the sustainability of the easing of global trade disputes;
4. Major markets are at historical highs, leading short-term profit-taking and capital outflows.

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

K-line patterns:

The daily chart shows recent prices continuously falling, with two large bearish lines formed on November 3 and 4, indicating strong bearish momentum. On the four-hour cycle, prices have gradually declined from a high of 3916 to around 3486, showing a clear downward trend. Currently, the K-line is oscillating at low levels, possibly indicating a short-term stabilization.

Technical indicators:

MACD: The four-hour MACD histogram remains below the zero line, with DIF and DEA both negative, indicating overall weakness. However, the green bars are shortening, suggesting weakening bearish momentum.

RSI: The RSI14 value is 26.72, approaching the oversold zone, which may signal a short-term rebound, but attention should be paid to whether it enters a trend-based oversold condition.

EMA: The EMA7, 30, and 120 are all diverging downward, with prices trading below all moving averages. EMA7 (3593) is acting as resistance, and EMA120 (3930) is a long-term resistance level.

Volume:

On November 3, daily volume surged downward sharply, and on November 4, it contracted, indicating market sentiment is becoming cautious. Within the four-hour cycle, volume fluctuated significantly, with a notable spike around 12:00 on November 4, followed by a gradual decrease, implying selling pressure is easing but buying interest remains insufficient.

Ether Strategy Sharing for the Night of November 4:

It is recommended to enter long positions near 3490-3500, with target levels at 3540, 3580, and 3600. If the trend stabilizes at 3600, holding can continue toward a target of 3640.

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