📣Trend analysis and strategy sharing for Ethereum on the evening of 11/14📉!

U.S. stocks represented by Nvidia and Tesla fell more than 1% in pre-market trading. After Bitcoin dropped below 100,000, institutional funds exited on a large scale, and the overall trend still leans towards a bearish direction. It can be said that Bitcoin has no bottom right now, and there are no stable signs of a bottoming out below. Moving forward, it's all bearish; any rebound is a selling opportunity!

【Analysis of Ethereum Price Trend from Four-Hour Chart】

K-line pattern:

In the recent 4-hour period, the price has pulled back from a high level, forming a series of bearish candles, indicating a short-term downward trend. The daily chart shows that the price has been consistently declining, quickly retracing from the high of 3565.84 on November 13 to 3163.7, resulting in a consolidation after a significant drop.

Technical Indicators:

MACD: In the 4-hour cycle, the MACD histogram is negative and gradually expanding, with both DIF and DEA diverging downwards, indicating that bearish forces are dominant.

RSI: The RSI14 is around 33, close to the oversold area but not entirely entered, suggesting there is still some room for downward movement.

EMA: The current price has fallen below EMA7, EMA30, and EMA120. After the death cross between EMA7 and EMA30, they continue to expand downwards, and the overall moving average system shows a clear bearish arrangement.

Trading Volume:

The 4-hour trading volume has increased (for example, 212561 during the period of 12:00 on November 14), accompanied by a drop in price, indicating heavy selling pressure. The daily trading volume reached 951989 on November 13, marking a recent high, and has since weakened, with market sentiment becoming cautious.

Ethereum operation strategy sharing on 11/14:

It is recommended to enter long positions around Ethereum 3170-3180, with target points: 3130-3100. If it falls below 3100, target points: 3080-3050.

Trend correction, please inquire about specific replenishment points in a timely manner to avoid losses. The article is practical and mainly focuses on real-time guidance! $BTC $ETH $BTC #广场发币瓜分千U奖池 #晒出我的Alpha积分 #参与创作者认证计划月领$10,000