🔔 Analysis of ETH market trends on November 14:

ETH intraday resistance range 3387-3484
ETH intraday support range 3073-2975

ETH's recent price has shown a downward trend, experiencing a significant drop on the 13th, with a high of 3565.84 followed by consecutive bearish candles. The current K-line is forming a slight rebound around 3200, but overall remains weak. The MACD on the hourly level continues to show negative values, with the fast and slow lines diverging downwards, indicating strong bearish pressure; on the daily level, the MACD has crossed bearish and continues to decline, with no clear bottom signals. The RSI on the hourly level is at 30.51, close to the oversold zone but has not yet entered a strong rebound area; the daily level RSI remains weakly neutral with no significant divergence. The EMA on the hourly level shows EMA7, EMA30, and EMA120 are all in a bearish arrangement, with short-term resistance concentrated around 3225(EMA7); the daily EMA system indicates that the price has fallen below several support levels, with a bearish trend. The hourly trading volume is gradually shrinking, market activity is decreasing, and there is a strong wait-and-see sentiment among funds. Following a significant drop in trading volume on the 13th, there has been a decrease in current volume with no obvious influx of new funds.

Suggested operation:

ETH around 3368-3406, look at 3325-3270
ETH around 3058-3073, target 3155-3220

(Personal opinion for reference only and does not constitute investment advice!)
#ETH $ETH ‌