ETH US session and Asian/European session analysis (November 4, 2025)

Market Review: Yesterday's strategy was to abandon long positions near 3700 and wait for short positions at 3780-3820, which was considered conservative. We forgot the principle of "the weak remain weak," which we've consistently emphasized. The market didn't reach 3780, only 3740. Furthermore, we pointed out for two consecutive days that a break below 3700 would open up further downside potential, with a high probability of returning to 2500 in the next 1-2 months. We reiterate this view. Evening Analysis: 1-Hour Chart: A clear downtrend, requiring little analysis. The angle of decline is quite steep. The only thing to judge is when an oversold rebound will occur, i.e., when to reduce positions after shorting. Of course, the area around 3500 is theoretically the previous low support, but anyone with a little trading experience knows that all theoretical support and resistance are meaningless in the face of a trend. This is a price level to reduce short positions, not for making a rebound. 15-minute chart: 3650 is the current key level between bulls and bears. Only a break above this level could lead to a major correction. Below this level, the only questions are when and where to short, and then hold the short position until it breaks below 3440. Entry point: Yesterday's low of 3550 is a support/resistance level. Short on a rebound to 3550-3580, with a stop-loss at 3650. Continue shorting. Downside targets are 3440 and 3061.