11.3 Ethereum (ETH) Market Analysis) Reference Ethereum's market continued to experience wide fluctuations yesterday, with a slight price increase. However, the subsequent upward momentum is not strong, testing the resistance around 3900 again during the day. The intraday high was under pressure and pulled back near 3917. The short-term rise began to weaken, and the intraday oscillating trend remained unchanged. According to Technical Analysis, the current trend has formed a double top structure on the 4-hour level (with high points at 3917 and 3910) and has effectively broken below the neckline at 3850. On the daily chart, it has closed below EMA7 (3891) for three consecutive trading days, presenting a "Descending Three Methods" pattern, further confirming short-term weakness. The price at the 1-hour level is operating within a downward channel, where the lower band support has been tested multiple times around the 3850 range. From the perspective of technical indicators, MACD on the 4-hour level has shown a second death cross with DIF and DEA below the zero line, and a top divergence signal has also appeared on the daily level. In terms of the moving average system, the current price is under dual pressure from EMA7 (3867) and EMA30 (3895), while EMA120 (3979) constitutes a key long-term resistance, with the overall trend leaning towards weakness. It is recommended to focus on counter-trend shorts for operations. 11.3 Ethereum short-term reference: attempt light shorts at 3915-3975, stop loss 30 points, target below 3870; attempt longs at 3761-3711, stop loss 30 points, target above 3800. The article may have latency, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop profits and losses must be managed well to lock in profits. # Participate in the creator verification program to earn $10,000.