11/7 Ethereum Trend Analysis and Trading Strategy Sharing:

The trend over Saturday and Sunday was mainly volatile, with ETH currently trading around 3038. After previously rising to 3068, it retreated, showing an overall pattern of consolidation after the initial surge, indicating a short-term bias towards consolidation and correction. Analyzing the 4-hour Ethereum price trend, the price has been consolidating since the sharp drop on December 5th, currently fluctuating within a narrow range. The previous highs (3190-3238) form a significant resistance zone, and the current price has failed to break through the 3056 area. In the 4-hour MACD cycle, both the DIF and DEA are below the zero line, and the MACD histogram remains negative, indicating that bears are in control, but the strength of the selling pressure has weakened. The RSI value is near 50, indicating a neutral market sentiment and unclear short-term direction. The EMA7, EMA30, and EMA120 are in a bearish alignment, and the price is trading below all moving averages, suggesting that the overall trend remains bearish. The EMA7 is exerting some downward pressure on the price. Daily trading volume is gradually shrinking, reflecting a strong wait-and-see attitude in the market. Within the 4-hour timeframe, a surge in volume occurred after the large bearish candlestick from 20:00 on December 6th to 00:00 on December 7th, followed by a significant decrease in volume, indicating a temporary stalemate between buyers and sellers. Ethereum trading suggestion for November 7th: Short positions are recommended around 3050-3060, with target levels of 3010-2980-2950. Market conditions are constantly changing; this article is for informational purposes only, and free real-time strategy guidance is available!