Ethereum trend analysis and trading suggestions for Saturday, November 29th:

After Ethereum surged yesterday, long positions were perfectly closed with profits. However, the trend failed to stabilize above the 3100 level and instead retreated, currently trading around 3000. Is this a weakening trend or a pullback for consolidation? Analyzing the 4-hour Ethereum price trend, the price has been oscillating around 3000 recently. A long upper shadow appeared on November 28th, indicating significant selling pressure at higher levels. From November 26th to November 29th, a slight pullback occurred, with gradually lower highs and support around 2992. MACD: In the 4-hour timeframe, the DIF and DEA lines continue to decline, and the MACD histogram shows an expanding green bar, indicating short-term bearish dominance. RSI: The RSI value has gradually fallen from the overbought zone and is currently around 52, not yet in the oversold zone, but momentum is weakening. EMA: The 7-day EMA has fallen below the 30-day EMA, and the 120-day EMA is far from the current price, indicating significant short-term moving average resistance. The 7-day EMA acts as dynamic resistance. Daily trading volume has generally shrunk, reflecting decreased market participation. Within a 4-hour timeframe, trading volume surged after a sharp rise and fall, then gradually decreased. Ethereum trading suggestion for November 29th: Consider entering long positions in Ethereum around 2970-2980, with target prices of 3030-3060-3080. Market conditions are constantly changing, and this article is subject to change. Please refer to the information on my homepage for specific details, and I will provide private real-time guidance.