Ethereum Trend Analysis and Trading Ideas for the Evening of November 12:
【Ethereum Market Analysis | Pullbacks are Opportunities, Bullish Trend Continues】
Recently, the market has once again experienced a downward correction, but these brief pullbacks are precisely good opportunities for us to re-establish long positions. Although the market rhythm has fluctuations, the upward channel has clearly opened, and there is still room for the continuation of the bullish trend.
🔹 Four-Hour Trend Interpretation
Candlestick Pattern:
From November 9 to the present, the price of Ethereum has shown a gradual increase in lows in a fluctuating upward pattern.
The long lower shadow on November 11 indicates strong support below, and the closing price on November 12 broke through the previous high near 3542, further confirming the strengthening of bullish momentum.
🔹 Technical Indicator Analysis
MACD: In the four-hour cycle, the MACD histogram has turned from negative to positive, with the DIF crossing above the DEA to form a golden cross, indicating a clear short-term bullish signal.
RSI: The RSI indicator has been rising continuously from the oversold zone and is currently around 55, not yet entering the overbought zone, indicating that there is still room above.
Moving Average System (EMA): EMA7 has crossed above EMA30, and the price is stabilizing above EMA120, showing a bullish arrangement structure with a clear trend direction.
Trading Volume: The daily trading volume significantly increased on November 12, in sync with the price rise, indicating continuous capital inflow. In the four-hour cycle, after the sharp drop on November 11, trading volume surged, and then the rebound volume slowed, showing that market sentiment is gradually stabilizing.
🔹 Evening Trading Ideas (11/12)
📈 Strategy Suggestions:
Long Entry Range: 3510 - 3520
First Target Level: 3560 - 3590
Continuation Target: If the price stabilizes above 3600, you can continue to hold, targeting 3630 - 3660.
📉 Risk Warning:
Market pullbacks are a normal phenomenon, and the trend remains unchanged. If there is a short-term pullback, it will provide better opportunities for adding and replenishing positions. Please confirm specific replenishment points based on real-time market conditions to avoid losses due to untimely operations.
🔹 Summary
Ethereum is currently in a clear upward structure, and short-term fluctuations do not change the medium-term bullish trend. Pullbacks are opportunities, and the trend remains the main theme.
BTC#ETH
Wishing you successful trading!
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow the real-time strategies of crypto experts.】
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