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$ETH 11.17 Evening ETH strategy analysis
A 1.18% rebound at the current price of 3204 looks like a small cycle bottoming out. However, in the 4-hour chart, the moving averages are diverging downward, and there is a signal of 417 million in net capital outflow, which has already dispelled the illusion of a "reversal." The channel continues to narrow, the bearish volume is orderly, and the K-line entity is expanding. This is clearly a consolidation period for the bears waiting for a breakout, and the so-called repair is just bait for retail investors.
Operation suggestion: Short near 3230-3250, target: 3180, 3150
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