Ethereum market analysis and strategy sharing for the evening of November 4th:

Global stock indices fell today, including A-shares, and even traditionally strong markets like South Korea and Japan. Europe was also largely in the red, impacting Bitcoin and Ethereum. The core reasons are fourfold: 1. Hawkish comments from Federal Reserve officials strengthened the US dollar index, and rising US Treasury yields suppressed commodities and related stocks; 2. The decline in popular assets like Bitcoin and Ethereum, coupled with Buffett's high cash reserves, exacerbated profit-taking pressure; 3. The sustainability of the easing of global trade disputes is questionable; 4. Major markets are at historical highs, leading to short-term profit-taking. [Analysis of Ethereum Price Trend in 4-Hour Chart] Candlestick Pattern: In the 4-hour chart, the price gradually fell from a high of 3916 to around 3486, showing a clear downward trend. Currently, the candlestick is consolidating at a low level, potentially indicating short-term stabilization. Technical Indicators: MACD: The 4-hour MACD histogram remains below the zero line, and both DIF and DEA are negative, indicating an overall weak state, but the shortening of the green bars suggests a weakening trend. RSI: The RSI14 value is 26.72, close to the oversold zone, indicating a potential short-term rebound. However, it's still necessary to monitor whether it enters a trend-based oversold state. EMA: The 7, 30, and 120 EMAs are all diverging downwards, with the price trading below all moving averages. The 7-EMA (3593) is acting as resistance, while the 120-EMA (3930) is a long-term resistance level. Ethereum trading strategy for the evening of November 4th: It is recommended to enter long positions around 3490-3500, with target levels of 3540-3580-3600. If the trend stabilizes above 3600, the position can be held with a target of 3640.