🔔Analysis of Ether market trends on November 20:

Ether intraday resistance range 3120-3180
Ether intraday support range 2928-2868

The daily chart for Ether shows that the recent price has fallen from 3123 to 3035, forming a series of consecutive bearish candles before a slight rebound. Overall, it presents a trend of oscillating downward. On the hourly chart, there was a rebound near the low point of 2984 in the morning of the 20th, and it is currently in a short-term uptrend. However, there is significant pressure above. The MACD on the hourly chart shows that the DIF and DEA are gradually converging, and the MACD histogram has turned from negative to positive, indicating short-term rebound momentum. However, the daily chart remains in a bearish zone, so it is necessary to watch for further volume breakout. The RSI on the hourly chart is at 52, not entering the overbought zone, reflecting limited current rebound strength. The daily RSI is about 34, close to the oversold zone, which may indicate a demand for technical correction. The EMA on the hourly chart shows the 7-period moving average crossing above the 30-period moving average, indicating short-term bullish dominance. The 120-period moving average is still far above the current price, suggesting a weak long-term trend. The daily EMA shows a bearish arrangement with significant resistance. The trading volume on the hourly chart increased slightly during the rebound at 2984 and then gradually decreased, indicating that market sentiment is becoming cautious. The daily trading volume has significantly decreased compared to previous days, suggesting a decline in capital participation and raising doubts about the sustainability of the rebound.

Suggested operation:
Auntie around 3120-3168, looking at 3100-3070
Auntie is near 2928-2868, looking at 9182945-2972.

(Personal opinions are for reference only and do not constitute investment advice!) #比特币行情观察 #ETH $ETH ‌