Cryptocurrency Circle Liying: On November 28, there is significant selling pressure above Ethereum (ETH). Beware of false breakout risks! Latest market analysis and operational advice.

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Li Ying in the Crypto Circle: Latest Ethereum Market Analysis

Article Published on 2025.11.28------00:45

Before publication, the current price of Ethereum is 3016. Li Ying observes that the current market for ETH is fluctuating between the support level of 2980 and the resistance level of 3085. The technical analysis indicates that there is some rebound momentum in the short term, mainly due to the upward tilt of the short-term moving averages and the appearance of a golden cross signal. Additionally, the candlestick pattern has formed a bullish engulfing shape, further enhancing short-term bullish expectations. However, the long-term moving averages are still trending downward, and Li Ying reminds everyone to be cautious of the risk of false breakouts. There is significant selling pressure above, with multiple small bearish candlesticks on the daily chart indicating that the upward momentum is weakening, and the overall market is still in a high-level consolidation range. The MACD shows that short-term bearish strength is increasing on the 2-hour chart, while the daily direction remains unclear. Therefore, Li Ying suggests primarily short positions at high levels, with some long positions at low levels, following the overall trend.

Short-term Point of Reference:

  • Long position entry at 2970, stop loss at 2940, stop loss of 30 points, target at 3050.
  • Short position entry at 3050, stop loss at 3080, stop loss of 50 points, target at 2970.

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

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

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