🔔Ether market trend analysis on November 24:

Ether intraday resistance range 2874-2856
Ether intraday support range 2765-2745
The ETH recent candlestick chart shows a trend of oscillating downward, with the price gradually retreating from the high of 2858 on the 23rd to around 2794 currently. There is a long upper shadow ( as seen on the 24th at 08:00 ), indicating significant selling pressure above. After the MACD DIF and DEA formed a death cross, they continued to diverge downwards, currently in a bearish area, but the green bars are shortening, which may indicate a demand for a rebound. The RSI currently stands at 47.09, close to the neutral weak range, not entering the oversold area, reflecting that market sentiment remains cautious. The EMA price has fallen below the 7-period moving average (2808) and is running below it, while the 30-period moving average (2804) has also been breached, indicating a generally bearish trend. The 120-period moving average (2865) is far from the current price, suggesting that the long-term trend remains under pressure. The trading volume in the last hour has significantly decreased to only 6301, a notable shrinkage compared to previous hours, showing that both bulls and bears are in a wait-and-see mood. The previous increase in volume occurred at 08:00 on the 24th, accompanied by a rapid price decline, indicating that bearish forces are dominant.
Suggested operation:
Short near ETH 2874-2856, target 2826-2775
Buy near ETH 2760-2745, target 2780-2800

(For reference only and does not constitute investment advice!) #ETH $ETH