📣Ethereum trend analysis and trading suggestions sharing on Saturday, 11/29:

Ethereum surged yesterday, and long positions perfectly took profits, but the trend did not stabilize above the 3100 threshold, instead showing a pullback. Currently, the price is around 3000. Is the trend weakening or is it a pullback to gather strength?

From the four-hour Ethereum price trend analysis, the recent price has been fluctuating around 3000, with a long upper shadow appearing on November 28, indicating significant selling pressure at high levels. Between November 26 and November 29, a slight pullback trend formed, with the highs gradually decreasing and the low support around 2992. MACD: In the 4-hour cycle, DIF and DEA continue to decline, and the MACD histogram shows an expanding green bar trend, indicating that short-term bearish strength is dominant. RSI: The RSI value has gradually retreated from the overbought zone, currently around 52, not entering the oversold zone, but momentum has weakened. EMA: EMA7 has fallen below EMA30, and EMA120 is far from the current price, indicating significant short-term moving average pressure, with EMA7 constituting dynamic resistance to the price. The daily trading volume has overall shrunk, reflecting a decline in market participation. In the 4-hour cycle, after a sharp rise and fall, the trading volume increased and then gradually decreased.

Ethereum operation suggestion share on 11/29:

It is recommended to enter a long position near Ethereum 2970-2980, with target points: 3030-3060-3080.

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