Cryptocurrency Scholar: Is Ethereum (ETH) daily line dead cross green bars not shrinking on 11.2, but secretly diverging on 4-hour?

　　Straight to the conclusion: Ethereum is not at the bottom now; it is a weak rebound in a downward continuation. Don’t bother to disagree, during this dip below 2800, how many people shouted to buy the dip, only to get trapped once after buying? Today I won’t beat around the bush; I’ll just present two charts stating the facts, where the current price is, where the pressure is, where the support is, and what you should do. If you find it useful, leave a like; if you think it’s hindsight, feel free to unfollow. I am only responsible for the candlestick charts, not for your emotions. As always, newcomers please follow; this hardcore breakdown happens every day.

　　The daily candlestick belongs to a small bullish line with reduced volume. Structurally, since the daily line fell from the October high of 2806, it has formed a clear descending channel. Currently, the price is above the lower track of 2226 and below EMA120, which is a typical weak rebound pattern. In terms of MACD, the green bars are still being released but the slope has started to slow down. The TD sequence is currently at 4, which means the daily level drop counting is not finished yet; don’t rush to buy the big bottom in the short term.

　　On the four-hour candlestick, a weak balance between bulls and bears has been temporarily reached at this position. It is worth noting that the TD has produced a selling sequence of 13, which is a short-term peak warning signal; the moving average system is in a bearish arrangement with EMA15 barely supporting the price at 2266, but EMA30 and EMA60 are pressing down from above. The MACD green bars are converging, and red bars are initially appearing, with a bottom divergence forming, while the mid-track of 2259 has not broken through effectively, indicating weak rebound strength. The key support below is focused on the previous low of 2172.

　　Short-term reference:

　　Going long from 2220 to 2180 faces resistance, with a stop loss of 30 points, target looking at 2280 to 2320.

　　Going short from 2300 to 2350 is stagnant, with a stop loss of 30 points, target looking at 2250 to 2200.

　　Specific operations should be based on real-time market data. For more detailed information, you can contact me; the release of the article has a delay, so it is recommended for reference only, risks at your own expense.

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