Evening Ethereum on November 7th

Let's talk about Ethereum before the opening

An important point: the reason why Ethereum cannot stabilize at the 3000 level is quite clear, the source comes from the Ethereum Foundation. Actually, I don't know much about this foundation, but the most I see from it are announcements about selling Ethereum. So it's no wonder that Ethereum can't stabilize; it turns out that there are old players behind the scenes putting in effort.

Ethereum trading strategy:

Break 3019 to go long, break 2990 to go short, and remember to maintain good defense.

If it stabilizes above 3030 on the hourly chart, look for 3070-3135.

If it breaks 2970 on the 4-hour chart without recovering, look for 2950-2917; breaking the key level of 2945 will start the Ethereum pullback.

The future trend of Ethereum can only be assessed step by step. After all, no one can know in advance what will happen in the future.

Alright, class dismissed.