🔔Analysis of Ether market trends on November 18:

Ether intraday resistance range 3208-3262
Ether intraday support range 3036-2983

The recent price of Ether has been fluctuating around 3100. After a significant rise on the 18th, it has corrected and is currently in a high-level consolidation phase. The daily chart shows a rebound after a previous sharp decline, with a relatively long upper shadow and a small real body candlestick, indicating strong resistance above. The MACD on the hourly level shows weakening bullish momentum, with the red bars shortening and the fast and slow lines gradually converging, indicating a possibility of a reversal. The daily chart is still below the zero axis but shows signs of a golden cross. The RSI on the hourly level is at 52.76, in the neutral zone, not entering the overbought or oversold area. The daily RSI appears slightly weak, with a bearish trend. The EMA on the hourly level shows effective support from the 7-period moving average, while the 30 and 120-period moving averages exert pressure. The daily EMA of 7, 30, and 120 moving averages is arranged in a bearish formation overall. Hourly trading volume has shrunk, and market activity has decreased. The daily trading volume significantly increased on the 18th and has gradually decreased since then, with the intensity of capital inflow weakening.

Suggested operation:
Short near Ether 3208-3262, target 3187-3156
Buy Ether around 3036-2983, target 3051-3082

(Personal opinions are for reference only and do not constitute investment advice!) #ETH $ETH