Ethereum Trend Analysis and Stable Strategy Sharing (Evening of November 16th):

The market is currently still in a period of consolidation and adjustment. The overall recovery momentum has not been fully released. In the short term, it is likely to continue the consolidation pattern to repeatedly test the market turning signal. [Analysis of Ethereum price trend in four hours] K-line pattern: The price has been fluctuating around 3175 recently, showing a low-level consolidation state. After a large negative line appeared on November 14, it rebounded for two consecutive days, but the rebound was weak and failed to break through the previous high of 3249. Technical indicators: MACD: In the 4-hour cycle, the MACD histogram continues to shorten. Both DIF and DEA are in the negative area, indicating that the bearish force is weakening but still dominates. RSI: The RSI (14) value is hovering between 40 and 45. It has not entered the overbought or oversold range, and the market sentiment is neutral. EMA: EMA7, EMA30, and EMA120 form a bearish arrangement. The current price is constrained by the EMA7 (3185) pressure, and the trend is weak. Trading Volume: Daily trading volume has been gradually shrinking, decreasing from 265,898 on November 13th to 79,526 on the 16th, indicating reduced market activity. Trading volume fluctuations within the 4-hour timeframe are relatively small, with no significant increase observed. Ethereum Trading Strategy for the Evening of November 16th: It is recommended to enter long positions around 3140-3160, with target prices of 3180-3200-3230. If the trend weakens and pulls back, it is recommended to add to long positions around 3110, with target prices of 3170-3200. Market conditions change rapidly; this article is subject to change and should be followed by real-time guidance.