$ETH
November 4th A Qiang's Midday Analysis ETH Rebound Imminent! 1 Hour K-Line + On-chain + News Triple Favorable, Keep Up the Rhythm and Enjoy the Gains!
As a senior analyst in the cryptocurrency space, today I will take you directly to the core logic of making money with ETH!
Technical Analysis: Support Rebound + Indicator Golden Cross
After a quick rebound following a price drop to 3556 key support (Bollinger Band lower boundary), MACD Golden Cross (DIF crosses DEA), the Bollinger Band middle line (3639) is a key short-term resistance, breaking through looks towards the upper boundary (3730).
On-chain Data: Whales Accumulating + Active Trading
Whales have accumulated over 20,000 ETH in the 3500-3600 range, with clear outflows from exchanges; on-chain transfers and active address counts are rebounding, market sentiment is shifting from panic to participation.
News: ETF Expectations + Ecological Prosperity
Multiple institutions have submitted ETH futures ETF applications, with strong expectations for compliant funds to enter; DeFi lock-up volume is rebounding, and the Web3 ecosystem continues to thrive, supporting ETH's value.
Operational Strategy
Long Position: Layout at 3580-3600, stop loss at 3540, target at 3700, if broken through look at 3800.
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