Ethereum gets off to a great start in November; follow the strategist's plan for continued success!
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Yesterday marked the end of the monthly trading session, and the trend unfolded as expected. The price first pulled back to around 3810, providing an optimal entry point, and also ushered in a strong start to November. The long positions in Ethereum achieved perfect profit-taking. [Analysis of Ethereum Price Trend on the 4-Hour Chart] Candlestick Pattern: Recently, the price has been oscillating between 3800 and 3900, without breaking through any significant key levels. The candlestick at 16:00 on November 1st was a small positive candle, indicating a slight advantage for the bulls, but the long upper shadow suggests some selling pressure around 3875. Technical Indicators: MACD: Both DIF and DEA are in negative territory, and the MACD histogram has turned from green to red, indicating some strengthening momentum, but it is still in a weak rebound phase. RSI: The current value is 46.37, in a neutral to weak zone, not yet entering overbought or oversold territory. EMA: The short-term EMA7 (3861.94) is close to the closing price, forming support; the EMA30 (3911.78) and EMA120 (3996.67) are far higher than the current price, forming resistance. Ethereum Stable Profit Strategy for the Evening of November 1st: It is recommended to enter long positions on Ethereum around 3850-3840, with a target price of 3900-3940. If the trend continues to pull back, it is recommended to add to long positions around 3800, with a target price of 3860-3900. If it breaks above 3900, you can continue to hold! Real-time strategy free guidance - click on my profile picture to follow my homepage. I hope more people can learn how to make money, see opportunities to make money, and truly earn the returns they want through me! Let's dance with the market!
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