Cryptocurrency Circle Liying: On November 21, Ethereum's bullish engulfing pattern casts a shadow over the bears! Latest market analysis and operational advice on the bear arrangement's ironclad encirclement.

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4 hours ago

Li Ying in the Crypto Circle: Latest Ethereum Market Analysis

Article Published on 2025.11.21------00:45

Before publication, the current price of Ethereum is 2860. Li Ying observes that the current market for ETH shows a significant bullish engulfing pattern in the candlestick chart, resonating with the support level at 2873, suggesting a potential rebound in the short term. On the other hand, the moving average system is in a bearish arrangement, with the price below both short-term and long-term moving averages, and momentum is increasing, indicating that the trend still leans towards bearish. In the last 2 hours, the price has retreated from a high, forming consecutive bearish candles, showing a short-term downtrend. The MACD shows dominant bearish strength. The EMA is sloping downwards, with the EMA120 maintaining a high position. After the short and medium-term moving averages have crossed bearishly, they continue to diverge, overall leaning bearish. The strategy remains a strong bearish trend, and Li Ying advises everyone to focus on shorting at highs. Exercise caution when going long.

Short-term Point of Reference:

  • Long Entry Point: 2850, Stop Loss: 2800, Stop Loss Distance: 50 points, Target: 3000

  • Short Entry Point: 3000, Stop Loss: 3050, Stop Loss Distance: 50 points, Target: 2900

The above content is exclusively original by Li Ying; please indicate the source when reprinting! There may be delays in article publication review, and the market changes rapidly. The above suggestions are for reference only, and risks are borne by the reader. We hope Li Ying's insights will be helpful to you!

The content of the article is real-time and for reference only; risks are borne by the reader.

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