11-27 ETH Morning Thoughts

Three consecutive daily gains breaking through! The 3063 resistance shows its power, and the long upper shadow hides secrets.

The intraday performance of ETH is a tale of two extremes! After a series of bullish candles, it has been oscillating upward, currently around 3040. However, the latest hourly candlestick has shown a long upper shadow, indicating a burst of selling pressure above, causing a setback in its upward momentum.

The daily chart shows three consecutive bullish candles confirming the rebound trend, with the MACD red bars continuing to expand. However, there is a divergence in volume and price on the hourly chart, indicating a weakening upward momentum. Short-term support is anchored at the 3000 psychological level; if it falls below, 2989 is a strong support level to watch. If there is a volume breakthrough at 3063, it is expected to open up upward space to 3120.

ETH suggestion: around 3063, target 3000, 2942$BTC $ETH $ETH #Gate广场圣诞送温暖 #非农数据超预期 #加密市场回暖 #比特币行情观察 #加密市场观察

BTC0.42%

ETH3.95%

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