[Price Trend Analysis] Candlestick Pattern: On the 4-hour chart, a long lower shadow tested the 2900 support (11/25 08:00), but the subsequent bearish candle engulfed the previous bullish rebound, indicating selling pressure above 2950. On the daily chart, ETH has pulled back after surging for two consecutive days (11/24 high at 2987 → closed at 2953, 11/25 dropped from 2953 to 2911), forming a short-term top structure. Technical Indicators: MACD: On the 4-hour chart, DIF(2.17) and DEA(-24.18) turned flat after a golden cross, with shorter red bars; on the daily chart, both lines remain deep below the zero axis (-236/-235), indicating continued weakness. RSI: 1-hour RSI(55) quickly pulled back from the overbought area at 70; 4-hour RSI(55) is neutral to slightly bullish but has not broken above the key 60 level. EMA: Price has fallen below the 4-hour EMA7(2889), with significant resistance from the 120-day moving average (3167). Short-, medium-, and long-term moving averages are clearly in a bearish arrangement. Volume: On 11/24, volume surged to 228,000 orders as price spiked to 2979 but failed to hold; the next day, volume shrank to 51,000 as price fell, showing a weak combination of "volume spike without sustained rise + volume contraction and pullback." Buy orders are sparse near the key 2900 level (lowest 4-hour candlestick at 2908 only saw a slight rebound), casting doubt on support strength.
[Buy and Sell Levels] Buy Point 1: 2880 USDT (4-hour EMA30 support at 2871 resonates with the round number 2880; as long as the previous low of 2842 holds, a rebound is possible) Buy Point 2: 2850 USDT (Key defense area above the daily low of 2842, with a 1% range below 2900 meeting spacing requirements) Long Stop-Loss Point: 2835 USDT (Breaks below the previous low of 2842 and is 15 USDT lower than Buy Point 2, with a stop-loss distance less than 50% of buy interval) Sell Point 1: 2950 USDT (4-hour triple top neckline, with 11/25 high at 2953 confirming selling pressure) Sell Point 2: 2980 USDT (Daily long upper shadow resistance at 2987; after breaking 2950, this is an add-on short position area) Short Stop-Loss Point: 3005 USDT (Breaks above the psychological 3000 level + 18 USDT above the previous swing high of 2987, in line with risk control rules)#非农数据超预期
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ETH Daily Wealth Sharing
[Price Trend Analysis]
Candlestick Pattern:
On the 4-hour chart, a long lower shadow tested the 2900 support (11/25 08:00), but the subsequent bearish candle engulfed the previous bullish rebound, indicating selling pressure above 2950.
On the daily chart, ETH has pulled back after surging for two consecutive days (11/24 high at 2987 → closed at 2953, 11/25 dropped from 2953 to 2911), forming a short-term top structure.
Technical Indicators:
MACD: On the 4-hour chart, DIF(2.17) and DEA(-24.18) turned flat after a golden cross, with shorter red bars; on the daily chart, both lines remain deep below the zero axis (-236/-235), indicating continued weakness.
RSI: 1-hour RSI(55) quickly pulled back from the overbought area at 70; 4-hour RSI(55) is neutral to slightly bullish but has not broken above the key 60 level.
EMA: Price has fallen below the 4-hour EMA7(2889), with significant resistance from the 120-day moving average (3167). Short-, medium-, and long-term moving averages are clearly in a bearish arrangement.
Volume:
On 11/24, volume surged to 228,000 orders as price spiked to 2979 but failed to hold; the next day, volume shrank to 51,000 as price fell, showing a weak combination of "volume spike without sustained rise + volume contraction and pullback."
Buy orders are sparse near the key 2900 level (lowest 4-hour candlestick at 2908 only saw a slight rebound), casting doubt on support strength.
[Buy and Sell Levels]
Buy Point 1: 2880 USDT (4-hour EMA30 support at 2871 resonates with the round number 2880; as long as the previous low of 2842 holds, a rebound is possible)
Buy Point 2: 2850 USDT (Key defense area above the daily low of 2842, with a 1% range below 2900 meeting spacing requirements)
Long Stop-Loss Point: 2835 USDT (Breaks below the previous low of 2842 and is 15 USDT lower than Buy Point 2, with a stop-loss distance less than 50% of buy interval)
Sell Point 1: 2950 USDT (4-hour triple top neckline, with 11/25 high at 2953 confirming selling pressure)
Sell Point 2: 2980 USDT (Daily long upper shadow resistance at 2987; after breaking 2950, this is an add-on short position area)
Short Stop-Loss Point: 3005 USDT (Breaks above the psychological 3000 level + 18 USDT above the previous swing high of 2987, in line with risk control rules)#非农数据超预期