Ethereum trend analysis and investment strategy sharing for the evening of November 18th:

After the sharp declines in Bitcoin and Ethereum, there is indeed a need for an upward rebound. However, unlike the previous pattern of a smooth retracement followed by a new high, this is a rebound confirming a potential trend reversal (potential trend inflection point) during the transformation of the original bullish trend into a potential bearish trend. In other words, the current situation can only be characterized as an oversold rebound, suitable for long-term trading, but it is not a retracement to the trend low or a valid starting point for a trend-driven upward move. [Analysis of Ethereum Price Trend on the 4-Hour Chart] Candlestick Pattern: In the recent 4-hour period, the price rebounded from a low of 3053.33 to 3106.79, forming a long lower shadow, indicating increased buying power. On the daily chart, November 18th saw a large bullish candle, rising from 2944.74 to 3122.79, breaking through the previous high of 3094.01, but a slight pullback occurred on November 19th, indicating that upward pressure remains. Technical Indicators: MACD: In the 4-hour timeframe, the MACD histogram has turned from negative to positive, and the DIF is gradually converging towards the DEA, indicating a potential for further short-term rebound. RSI: The RSI is hovering around 46, not yet in overbought or oversold territory, suggesting the market is in a consolidation phase. EMA: The current price is above the EMA7 (3094.19) but below the EMA30 (3149.16), indicating short-term strength but continued medium-term pressure. Ethereum Trading Strategy for the Evening of November 19th: (Long then Short) Long: It is recommended to enter long positions on Ethereum around 3070-3080, with a target price of 3120-3160. Short: It is recommended to enter short positions on Ethereum around 3150, with target prices of 3110-3070-3050. Market conditions change rapidly; this article is time-sensitive, and real-time strategy guidance is available free of charge!