November 18 evening ETH/BTC market analysis and trading strategy

Ethereum's current market performance is characterized by consolidation, lacking clear upward momentum in the short term. In the recent hourly candlestick chart, the price of Ethereum has been fluctuating around 3040 USDT, demonstrating a consolidating trend, with prices repeatedly approaching the key levels of 3050 USDT and 3060 USDT, but failing to successfully break through these critical levels. Overall, Ethereum is still in a low-level consolidation phase after the decline, with a lack of significant upward momentum in the short term.

In the hourly MACD indicator, both DIF and DEA are negative, and the MACD histogram shows an alternating state of red and green. This indicates that the short-term market trend is weak and lacks a clear direction. The performance of the MACD suggests that it may continue to fluctuate and consolidate in the short term, with the possibility of a slight downward movement. The daily MACD indicator continues to move downward, with the DIF line remaining below the DEA line, and bearish forces still dominate. The MACD histogram is negative, indicating that the market is still in a bearish trend, and prices are facing significant downward pressure.

In the hourly EMA indicators, the EMA7 is at 3031, and the current price is getting support near this moving average, without further decline. At the same time, the EMA30 is at 3065, forming a resistance zone for short-term prices. Since the price has failed to break through this resistance level, the upward momentum appears insufficient in the short term. The daily EMA120 is at 3177, which is much higher than the current price. The price is currently far from the long-term moving average, indicating that the long-term trend is still bearish. Ethereum is currently below the long-term moving average and lacks strong rebound momentum, with the market still in a bearish-dominated state.

The short-term trend of Ethereum is currently in a consolidation state, fluctuating within the 3040-3060 range. The MACD and EMA indicators show that the market remains relatively weak in the short term, with prices lacking the momentum to break through key resistance levels. Meanwhile, the bearish trend at the daily level has not changed, and bearish forces still dominate. If Ethereum fails to break through the 3060 resistance level, it may continue to consolidate or experience slight downward movement in the short term.

Bitcoin: Short at 91000-92000, target: 90000-89000
Ethereum: Short at 3035-3100, target: around 2900 #比特币行情观察 $BTC