11.17 Morning ETH Analysis

ETH has been encountering resistance since the previous high, and the 4-hour cycle is showing a continuous downward wave trend. Although the technical indicators are in the oversold range, there are still no signs of a reversal. The short-term bearish momentum continues to dominate the market, and the key support level below is currently under challenge.

Operational advice: You can enter the market between 3200-3250, with a target of 2950 below; if it breaks, you can enter with a target of 2800. #加密市场观察