Combining the midday Ethereum $ETH market data trend and Technical Analysis on November 21, 2025, the current market is primarily in a fluctuating decline. The recommendation for midday trading is to prioritize shorting on rallies, while also being cautious of a slight short-term rebound. Please refer to the specifics below:

1. Shorting strategy for the short term: The intraday market data is likely to fluctuate within the 2760 - 2820 range, so you can place short orders at high points within this range. The upper defense level is set at 2950 - 2960. If this range is broken, Ethereum may test the 3000 point level, but it is unlikely to break through. You can wait to add short orders near 2900; the initial target is 2800. If this level is broken, you can further look down to 2750, and if it breaks below 2750, you can expect to see around 2700.

2. Cautious long strategy: suitable only for short-term light positions to speculate on small rebounds, with trial entry points around the 2750 - 2800 range, which is near the support area of the daily Bollinger Bands lower band. Set the defense level at 2710, with a stop loss of about 40 points; target at 2850 - 2900, and it is advisable to take profits promptly after reaching the target, as holding for too long may lead to being trapped by a trend reversal.

3. Risk Control Points: The current cryptocurrency market is in a deep correction phase, with risks not fully released, and there is a risk of breaking through daily support levels, which may subsequently drop to around 2600. Position size must be controlled, and it is recommended that a single position does not exceed 30% of total funds, while strictly setting stop-loss and take-profit levels to avoid high-leverage operations, preventing large losses caused by sudden market fluctuations. #加密市场观察