11.17 Ethereum market analysis refers to Ethereum's intraday repair rebound before declining again. The current price is running around 3100. The short-term market trend appears to be breaking down again, refreshing previous lows. In the hourly chart, the price has continuously retreated from 3249 to 3026, rebounding to 3107.55, forming a short-term bottom structure. On the daily chart, although a long lower wick was formed on November 14 (range 3070—3256.71), indicating some support at lower levels, the rebound momentum could not be sustained for the following two trading days, showing an overall weak consolidation pattern. In terms of technical indicators, the 4-hour MACD's DIF (-68.4) is still below the zero line and tends to flatten, reflecting that the short-term downward momentum has slowed but has not reversed. The daily MACD histogram has been negative for 30 consecutive days, with bearish forces still dominating. In terms of the moving average system, the current price continues to run below EMA30 (3247.79), and the 7-day moving average (3138.39) has crossed below the 30-day line, forming a death cross, further confirming the short to mid-term bearish trend. It is hoped that all coin friends will prepare in advance. The upper resistance to watch is at the 3230 line, and the lower support to watch is at the 3000 line. 11.17 Ethereum short-term strategy reference: Short test at 3315-3275 with a stop loss of 30 points, target below 3200; Long test at positions 3061-3011 with a stop loss of 30 points, target above 3120. The article is sent with latency; strategy suggestions are for reference only. The market changes rapidly, no matter how high the judgment and grasp of the market are, take profit and stop loss must be managed well, lock in profits #Gate10月透明度报告出炉 $GT $ETH #Gate10月透明度报告出炉 $#CoinDesk10月Gate战绩来袭 #当前行情抄底还是观望？ $