Today is Wednesday, November 12th. I will provide a market overview, and at the end, I will give the upcoming upward opportunities and passwords.

Let's take a look at Ethereum. The weekly chart for Ethereum is still in a downward channel. The six-line indicator is showing green divergence while the chameleon is blue. The volume line is also below the zero axis. Currently, the three-day line is still in a downward channel, with the green six-line and the chameleon below the zero axis. Since the volume line has slightly flattened, there is some support at the smaller levels. The target for the three-day line has already been reached, which is approximately the lower Bollinger Band at the position of 3,347.

For now, the most important major support below is at 3,232, while the pressure above can be seen around 3,480, 3,620, and 3,716. These positions can still be attempted for shorting.

The daily line is the structure that needs to be continuously monitored in the upcoming larger cycle. Currently, if the daily line can strongly break above 3,620, the daily cycle will initiate a rebound, targeting 3,700 or even around 3,820. Right now, it is in a weak downward channel, with the pressure above mentioned at around 3,480, 3,519, and 3,566. These positions can still be chosen for shorting.

Because the current daily volume line is weakening, it is lagging behind the chameleon's weakness, so we can still choose to short at higher levels. Now, let's take a look at the 12-hour chart. The most recent support below is at the purple line at 3,362.

This position can also be attempted for a small long position, including the lower level at 3,316. We can try to trade within this range as long as it does not break down below it, as there is a chance to build a small bottom here and rebound upwards. The 8-hour chart is also showing a downward fluctuation, with the most recent pressure above at 3,479. If it goes higher, it will be at 3,540. Currently, we can focus on shorting at higher levels and going long at lower levels today. The main strategy is to short at higher levels and support long positions. The upper range around 3,471 and 3,508 can be attempted for shorting, while the recent support below is at 3,416, 3,362, and around 3,320.

If you still don't know how to operate and want to follow specific positions, you can follow the public account: BTC-ETH Crypto.

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