Mr. Crypto: Ethereum Market Analysis and Reference for November 27th

Ethereum (ETH) Market Analysis (November 27th): Ethereum broke through the double resistance of 2980-3030, exhibiting a fluctuating upward trend above 3000. Short-term bullish sentiment is strong, with prices continuously testing higher levels. The daily chart shows three consecutive days of gains. After confirming support at the low of 2761 with a long lower shadow on November 24th, the price rebounded rapidly, breaking through the 3000 psychological level on the 26th. However, the closing price left an upper shadow, indicating some resistance at this level. On the hourly chart, a breakout above the key resistance of 2950 at 01:00 AM led to a one-sided upward move. At 04:00 AM, a pullback to 3008 failed to break the previous high of 3044, indicating continued short-term strength. The key focus going forward is on whether the price can stabilize around the 3000 level and whether it can break through the 3080 level. Technically, the daily MACD has seen a golden cross followed by a continuous increase in the red bars, but the DIF value remains below the zero line (-214), indicating that medium-term momentum still needs to be repaired. The hourly MACD shows a potential high-level death cross, suggesting a possible short-term correction. In terms of moving averages, the EMA7 (2945) has crossed above the EMA30 (3271), forming a short-term bullish alignment. However, there is currently about an 18% deviation between the current price and the 120-day moving average (3640), requiring attention to the pull of medium- and long-term moving averages. Furthermore, the price is relatively close to the daily midline resistance; without stabilization, it's impossible to definitively determine whether the bulls can recover. Therefore, waiting for a pullback to buy is safer, with light short positions as a secondary strategy. Ethereum Short-Term Strategy Reference (November 27th): Consider a short position at 3040-3095, with a stop loss of 30 points and a target below 2960. Consider a long position at 2781-2831, with a stop loss of 30 points and a target above 2900. Please note that there may be a delay in the article's publication, and the strategy suggestions are for reference only. Market conditions change rapidly; no matter how confident you are in your market analysis, always use stop-loss and take-profit orders to secure profits.