11.28 Friday Jingwen Ether thinking

The current Ether 1-hour chart is in the "pullback and adjustment" phase, consistent with Bitcoin: starting from the low point near 2730 on November 24, it has been oscillating upwards, with periodic pullbacks. After reaching a short-term high of 3070 on November 28, it has retraced, and the current price is anchored around 2999 with fluctuations. Overall, it is a high-level contesting range following a recent upward trend, and after the rise, trading volume has simultaneously decreased, with the divergence of long and short funds gradually intensifying at the current price level.

The BOLL middle band is the short-term dividing line between strength and weakness, and the current price is temporarily below the middle band; the RSI6 indicator has entered a slightly weak zone. From the perspective of news, ETH relies on BTC's macro liquidity (expectations of Fed easing) to support its valuation, but there are currently no strong catalytic news in the Layer2 ecosystem. Coupled with BTC's pullback after a rise, this has led to ETH profit-taking, collectively pushing the price into a consolidation phase at a high level.

Long Strategy
Pull back to 2985-2990, defend at 2975, first target looks at 3040, after breaking look towards around 3070.

Short selling strategy
After rebounding to the resistance at 3040-3030, enter the market, defend at 3050, first target 2990, if it breaks down, look down to 2970#成长值抽奖赢iPhone17和周边 #十二月降息预测 #反弹币种推荐 #ETH #PI