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[Price Trend Analysis]
K-line shape:
At the 4-hour level, consecutive negative lines appeared, with the price dropping from the peak of 3072 to around 3018, forming a short-term downward channel.
On the daily level, on November 28, it closed with a long upper shadow (3099→3029), indicating strong selling pressure above 3050.
Technical indicators:
MACD: The 4-hour DIF breaks the DEA ( at 32.15→35.92, the bars turn negative, and on the 1-hour intraday level, a death cross occurs below the zero axis, with a bearish tendency.
RSI: The 4-hour RSI )14(55.93 has exited the overbought zone, but the 1-hour RSI at 45.08 has not yet reached oversold, indicating a possibility of a pullback or continuation.
EMA: Price breaks through the 4-hour EMA 7)3027(, the 30-day moving average )2981( is a key support; the daily EMA 120)3107( creates long-term pressure.
Trading volume:
On November 28 at 20:00, the volume of 1.1 million ETH surged to 3099 before experiencing a volume drop, in line with the logic of "a big spike with high volume followed by a correction."
Transaction volume in the last 4 hours shrank to 15,000 ETH, with a very cautious market atmosphere.
[Buy and Sell Points]
Buy point one: 2980 USDT ) EMA30 support 4 hours around 2981, the previous wave low 2978 plus round number (
Second buying point: 2950 USDT )Lowest point 2887 on November 26 at the daily level, rebound center with psychological support at the round number 50(
Stop loss point for long position: 2930 USDT )confirm trend reversal after falling below 2950, distance from the second buy point 20 USDT < 50% of the buy interval 30 USDT(
Sell point one: 3050 USDT ) four hours ago high 3051.46 + round number pressure, EMA120 resistance below the first defense line 3107(
Sell point two: 3080 USDT )Selling pressure zone before the peak 3099 on November 28, combining the round figure 100 to increase profit space(