#数字货币市场洞察 November 8 Ethereum Technical Review and Follow-up Strategy

Last night's market action was quite interesting—long positions in the 3050-3060 range for Ethereum were successfully profitable, netting 100-130 points. Then, as the price dropped near 2900, a deep V-shaped reversal kicked in, forcefully pushing it back to 3150. The main movement during the day was consolidation, and in the evening there was an attempt to break through the 3170 resistance, but it ultimately couldn't hold above it.

Looking at the 4-hour chart, Ethereum is in a general uptrend with fluctuations. The 4-hour candle high on December 8 keeps pushing higher, but there's clearly resistance around 3125. At the daily level, support has held firm around 3050, and after the rebound, the price is currently approaching the previous high of 3179.

As for indicators, the 4-hour MACD histogram continues to expand, showing accumulating bullish momentum; both the DIF and DEA are diverging upwards, suggesting short-term bullish dominance. The RSI(14) is currently at 56.62, leaning towards the stronger side of neutral and not yet overbought, so there's still upward room. For moving averages, EMA7 is at 3107.30, EMA30 at 3071.92, and EMA120 at 3068.16—classic bullish alignment, with a good short-term outlook, and EMA7 is offering dynamic support for the price. However, 4-hour trading volume has decreased, noticeably lower than during the previous surge, indicating market participants are becoming more cautious. On the daily chart, volume remains stable, and there's no major capital outflow, which still reflects market confidence.

November 8 Trading Strategy:

Look for opportunities to set up short positions in the 3170-3190 range, targeting 3120, 3080, and 3050. $BTC $ETH