Ethereum trend analysis and trading strategy sharing for the evening of November 17th!

After a brief weekend break, the market resumed its downward trend last night, with Bitcoin dropping to around 93,000. A special reminder to investors planning to buy the dip: the trend is the core principle of trading; the current bearish dominance is clear and unambiguous, so do not trade against the trend. [Analysis of Ethereum price trend over four hours] K-line pattern: Recently, the K-line has shown an upward trend with fluctuations. On November 17th, the price rebounded from a low of 3069 to 3199.98, forming a long lower shadow, indicating increased bullish strength. After a sharp drop in the previous period (November 14th to 16th), there are signs of stabilization, but the resistance at the previous high of 3216.84 still needs to be monitored. Technical indicators: MACD: Both DIF and DEA are negative and below the zero axis, indicating a bearish advantage. However, the histogram is gradually shortening, indicating weakening bearish momentum and a possible rebound phase. RSI(14): Currently at 47.36, close to the neutral zone, not yet in the overbought or oversold range, market sentiment is slightly neutral to slightly strong. EMA: The price has broken through the EMA7 (3169.13), but remains below the EMA30 (3237.06) and EMA120 (3493.88). A short-term rebound is expected, but medium- to long-term pressure remains. Ethereum trading suggestions for the evening of November 17th: Short positions are recommended around 3230-3210, with a target of 3160-3120. If the trend continues to pull back and breaks below 3100, continue holding! On a rebound, consider adding to short positions at 3160, with a target of 3180-3150! Market conditions change rapidly; this article is subject to change and real-time guidance is recommended.