The trend of Ethereum is as shared, having currently broken below the middle band of the four-hour Bollinger Bands, broken below the rising trend line, with a very weak rebound at the 3000 support level. The four-hour chart has shown multiple consecutive bearish lines indicating a short position trend. The resistance level above is 3020, and the support level is 2965. It is expected to rise again to test the resistance level before falling back and retesting the lower band of the Bollinger Bands.
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Dagong
· 11-30 11:20
ETH is still consolidating around the 3,000 level.
Due to minimal price fluctuation over the weekend, next week could be interesting.
QT will end on December 1, and Powell's speech is also on December 1, with the Fusaka upgrade arriving on December 3.
If Ether stays above the 3,000 level, it may rebound towards the 3,200-3,400 range.
If it fails to maintain this level, ETH will return to the 2,800 level.
The trend of Ethereum is as shared, having currently broken below the middle band of the four-hour Bollinger Bands, broken below the rising trend line, with a very weak rebound at the 3000 support level. The four-hour chart has shown multiple consecutive bearish lines indicating a short position trend. The resistance level above is 3020, and the support level is 2965. It is expected to rise again to test the resistance level before falling back and retesting the lower band of the Bollinger Bands.