11.12 Ethereum Analysis

From afternoon to night, Ethereum shows a trend of initially rising and then falling: starting from a low of 3528, it surged to 3590 before oscillating back down, ultimately retreating to around 3466 for consolidation.

On the 4-hour level, Ethereum is oscillating in a narrow range around the middle band of the Bollinger Bands. During this period, bears have repeatedly tested the support level near 3230, but selling pressure is gradually receding. Although this price level was breached, a long bearish candlestick was quickly formed, indicating solid support strength; overall upward structure remains intact, and the bullish rebound rhythm has not been affected by the pullback.

Buy near 3440-3470, target 3580, 3630

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ETH
ETHUSDT
3,223.61
-8.89%