Li Ying in the Crypto Circle: Latest Ethereum Market Analysis

Article Published on 2025.11.30------01:45

Before publication, the current price of Ethereum is 2990. Li Ying observes that the current market for ETH is fluctuating between the key support level of 2620 and the resistance level of 3048. The technical analysis shows that market momentum is weakening, with prices currently below the moving average system, and the recent appearance of a bearish engulfing pattern suggests potential downside risk. However, 2620, as a previous low, provides strong support, and in the short term, prices may oscillate between support and resistance.

After reaching a high of 3099, the price has retraced to around 2995, forming a clear pattern of a spike followed by a pullback. The daily candlestick chart shows consecutive bearish candles indicating a weak adjustment in the short term, but overall, it remains in a high-range consolidation following the previous uptrend. The MACD shows a dominant bearish force on the 2-hour chart, with the daily trend appearing weak. The EMA indicates strong short-term resistance, with support focusing on EMA120. Li Ying's short-term outlook leans towards a consolidation market, although the bearish sentiment is slightly stronger, increasing the likelihood of weekend consolidation.

Short-term Reference Points:

• Long Entry Point: 2980, Stop Loss: 2950, Stop Loss Distance: 20 points, Target: 3020
• Short Entry Point: 3020, Stop Loss: 3050, Stop Loss Distance: 20 points, Target: 2990

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

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

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