📣Analysis of Ethereum Trend and Trading Ideas for the Evening of November 12📈:

The current market is experiencing a further decline and correction. This brief dip presents an opportunity for us to re-enter positions. A clear upward channel has already opened, and the continuation of long positions is expected to persist.

【Four-Hour Ethereum Price Trend Analysis】

Candlestick Pattern:

Recently, from November 9 to November 12, the price has formed a gradually rising low point, showing a oscillating upward trend. On November 11, a long lower shadow appeared, indicating strong support below. On November 12, the closing price broke through the previous high around 3542, demonstrating increased bullish momentum.

Technical Indicators:

MACD: In the four-hour cycle, the MACD histogram has shifted from negative to positive, with the DIF line crossing above the DEA line, forming a golden cross, which is a clear short-term bullish signal.

RSI: The RSI has gradually recovered from oversold territory, currently around 55. It has not entered overbought levels but still has room to rise.

EMA: The 7-period EMA has crossed above the 30-period EMA, and the price is stable above the 120-period EMA. The moving averages are arranged in a bullish configuration, supporting further upward movement.

Volume:

On the daily chart, trading volume significantly increased on November 12, coinciding with the price rise, indicating active capital inflow. During the 4-hour cycle, a sharp decline occurred at 20:00 on November 11 accompanied by high volume, followed by a rebound with decreasing volume, suggesting market sentiment is stabilizing.

Ethereum Trading Strategy for the Evening of November 12:

It is recommended to enter long positions around 3510-3520, with target levels at 3560-3590. If the trend continues upward and the price stabilizes above 3600, consider holding, with target levels at 3630-3660!

In case of a trend correction, please ask me promptly for specific re-entry points to avoid losses. The analysis is timely and should be guided by real-time updates! $BTC $ETH #CoinDesk11月报告Gate战绩来袭 #晒出我的Alpha积分 $BTC #ETH反弹开启，能否延续？ #今日你看涨还是看跌？