Ethereum trend analysis and trading strategy sharing for the evening of November 23:

Ethereum's 4-hour chart shows a clear downward pressure: each rebound to the middle Bollinger Band encountered significant selling pressure, with the upper trendline of the descending channel providing continuous resistance, maintaining an overall downward trend. Notably, the volume during the rebounds decreased in stages, a typical low-volume pullback pattern, reflecting insufficient buying momentum and the bears still firmly controlling the market. The recent price rebound from around 2735 to 2843 has formed a short-term upward trend. After the sharp drop on November 21st, signs of stabilization appeared, with two consecutive days of gains indicating strengthening bullish momentum. The MACD DIF and DEA are both in negative territory but show an upward convergence trend. The MACD histogram's red momentum is increasing, indicating weakening bearish pressure and bullish accumulation. The current RSI is 48.34, close to the neutral range, not in overbought or oversold territory, indicating relatively stable market sentiment. The 7-day EMA (2801.89) has crossed above the 30-day EMA (2871.38), but remains significantly lower than the 120-day EMA (3215.85), indicating short-term upward momentum, but a bearish bias in the medium to long term. Ethereum trading strategy for the evening of November 23rd: It is recommended to enter short positions around 2860-2870, with target levels of 2820-2780-2750. Market conditions are constantly changing; this article is for informational purposes only, and free real-time strategy guidance is available!