Ethereum Trend Analysis, Forecast, Intraday Analysis, and Trading Strategy for November 21st:

The daily chart closed with a large bearish candlestick on high volume, breaking through the recent support level of 3000 points again. The decline continued today, currently finding support around 2750, near the strongest Fibonacci resistance line (61.8% retracement level). This level also coincides with the upper support of the 2400-2700 range where Ethereum consolidated between May and July this year. The short- and medium-term moving averages (MA7/14/30/90) all show a bearish divergence, especially the short-term MA7, which provides strong resistance. The price action has consistently moved downwards around the MA7 without any reversal or effective stabilization, indicating that Ethereum is in a one-sided downtrend dominated by bearish momentum. The strong decline accompanied by continuously increasing trading volume suggests insufficient rebound energy, indicating only a technical corrective bounce. The MACD indicator's fast line has opened downwards again, with the histogram expanding negatively and showing no signs of convergence or bullish divergence. Looking ahead to the next week, pay close attention to the support zone between 24 and 27. If the daily chart repeatedly tests this range and rebounds, with a significant downward impact and increasing trading volume, it could be seen as a bottoming signal. Conversely, a break below 2400 could trigger a new round of panic selling. For intraday trading, focus on the 2780-2830 resistance level for potential shorting opportunities, and the 2700-2650 support level. Ethereum trading recommendations for the evening of November 21st: Short Ethereum around 2720-2740, with targets at 2680-2640-2620. Hold if it breaks below 2500! For a trend rebound, consider adding to short positions around 2780, with targets adjusted accordingly! Market conditions are constantly changing; this article is for informational purposes only, and real-time strategy guidance is available free of charge!