#数字货币市场回升 11.26 ETH market observation

The Ethereum trend is quite interesting, with the price touching 2982. It feels like there will be a big move.

Looking back at yesterday's setup - the long position surged from 2855 all the way to 2955, directly capturing a space of 100 points! However, after the U.S. stock market opened, the upward momentum came to a halt, probably due to a large-scale capital withdrawal.

How to view the technical aspect? On the daily chart, the price strongly broke through the upper Bollinger Band at 2981, which is a clear bullish signal. The MACD has crossed golden and continues to strengthen, with green bars steadily expanding, indicating ample rebound momentum at the daily level. However, the RSI has reached 72.94, entering the overbought zone, and a short-term consolidation is needed to digest profit-taking. On the four-hour level, the Bollinger Bands are opening upwards, and the price is running along the upper band. The MACD continues to rise above the zero line, and the bullish pattern is relatively stable. Although the RSI is overbought in the short term, the overall structure is sound.

How to play in terms of operation?
Pay attention to the range of 2880-3000; short if it goes high, and long if it goes low. If it breaks through, then follow the trend!

The current price is hovering around 2975, and I don't have high hopes for a breakthrough of 3000 in the morning session. Remember: don't blindly chase the highs, don't dig a pit for yourself!

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