Ethereum Trend Analysis and Trading Suggestions (November 22nd):

Yesterday's short position on Ethereum exited perfectly, securing nearly 120 points of profit, and the trend continues today... Currently, the daily chart shows a complete breakdown, with the lower Bollinger Band being breached, and the price is barely catching its breath around 2730. The RSI has reached the extreme oversold zone of 27, and the MACD histogram continues to expand. Although there is still downward pressure in the short term, a technical rebound is possible after such a sharp drop. Looking at the four-hour chart, the candlestick pattern shows multiple bearish candles, with a slight rebound after the recent sharp drop, but the overall trend remains in a downward channel, failing to break through key resistance levels. The MACD histogram shows strong bearish momentum, with both DIF and DEA below the zero line and the difference widening, indicating that the market remains weak. The RSI value is 33.14, close to the oversold zone, but not yet in the extreme oversold area, suggesting a potential short-term technical rebound. The EMA7, EMA30, and EMA120 are all diverging downwards, and the price is currently below all moving averages, with the EMA7 acting as short-term resistance. Key levels: 2620 is the last line of defense; a break below this level would target 2500. The 2850-2900 area has become a new strong resistance zone. Ethereum trading strategy for November 22nd: Short at around 2770-2790, targets 2720-2680-2600. Hold if it breaks below 2600! For a trend rebound, consider adding to short positions around 2840, targets 2740-2700-2680. Market conditions change rapidly; this article is time-sensitive, and real-time strategy guidance is free!