Ethereum Trend Analysis and Trading Strategy (November 8th):

Last night, long positions in the 3050-3060 range on Ethereum were closed out for profit, yielding 100-130 points. After touching a low of 2900, Ethereum reversed its trend and surged to 3150. During the day, it mainly fluctuated, and the attempt to break through the 3170 resistance level in the evening failed to stabilize effectively. From the four-hour Ethereum price trend analysis, the K-line price shows a fluctuating upward trend. The four-hour K-line on December 8 shows that the high point is gradually rising, but there is some pressure around 3125. The daily level rebounded after forming support around 3050, and is currently close to the previous wave high of 3179. The MACD four-hour cycle MACD histogram continues to increase in volume, and the bullish momentum is strengthening; both DIF and DEA are diverging upward, and the bulls have the upper hand in the short term. The current value of RSI (14) is 56.62, which is in the neutral to strong range and has not entered the overbought state, so there is still room for upward movement. EMA7 (3107.30); EMA30 (3071.92); EMA120 (3068.16) – the moving averages are in a bullish alignment, indicating a positive short-term trend. EMA7 provides dynamic support for the price. 4-hour trading volume has declined somewhat, significantly lower than during the previous surge, indicating a more cautious market sentiment. Daily trading volume remains stable overall, suggesting that funds have not flowed out significantly, and market confidence is still acceptable. Ethereum (ETH) trading suggestion for November 8th: Consider shorting ETH around 3170-3190, with target levels of 3120-3080-3050. Market conditions change rapidly; this article is for informational purposes only. Real-time strategy guidance is available free of charge!