Ethereum trend analysis and trading strategy sharing for the evening of November 24th:

Yesterday, we entered short positions on Ethereum around 2860-2870, with target prices of 2820-2780-2750. The first target of 2820 has been reached. Conservative traders can exit with a profit, while aggressive traders can continue to hold. Although Ethereum is currently under pressure on the daily chart and the overall market is still mainly in a downward trend, the sentiment for a rebound this week is still strong after the consolidation of the previous two days. Considering that the price failed to break through 2880 in the early morning, we can still short on rallies in the short term. Note that the rebound sentiment is strong this week, so those who are bearish should only operate in the short term. Looking at the 4-hour Ethereum chart, the price has been trending downwards recently. After a sharp drop on November 21, the rebound strength in recent days has been weak. The daily candlestick shows multiple upper shadows, indicating heavy selling pressure above, making it difficult to break through in the short term. In the 4-hour MACD cycle, both DIF and DEA are running below the zero axis, but there are signs of convergence, indicating weakening bearish momentum; the daily level is still in the bearish zone, and no clear golden cross signal has yet formed. The 4-hour RSI value is 44.26, in the neutral to weak range, indicating cautious market sentiment. The daily RSI is gradually recovering from the oversold zone, but has not yet entered the strong range. The current EMA price is below the 7-day, 30-day, and 120-day EMAs, and the overall trend remains bearish. The 7-day EMA (2815.49) is providing short-term resistance. Ethereum trading strategy for the evening of November 24th: It is recommended to enter short positions around 2840-2820, with a target price of 2780-2740. If the trend rebounds, it is suggested to add to the short position around 2880, with a target price of 2830-2800! Market conditions change rapidly; this article is for informational purposes only, and real-time strategy guidance is available free of charge!