Mr. Crypto: Ethereum Market Analysis and Reference for November 28th

Ethereum (ETH) Market Analysis (November 28th): Ethereum's price has slightly moved higher, encountering resistance around 3070 and pulling back. Currently, it's in a consolidation phase. Based on the double bottom pattern formed on the daily chart (2763 low on November 24th and 2888 low on November 26th), a key reversal signal has appeared on the 4-hour chart: the long lower shadow hammer candlestick generated at 20:00 on November 27th has been confirmed by three consecutive bullish candlesticks, pushing the price above the neckline of 3050. The moving average system is showing a bullish pattern, with the current price having stabilized above the EMA7 (3018) and EMA30 (2950) forming a short-term support zone, but the EMA120 (3119) above is providing significant resistance. The MACD indicator on the 4-hour chart shows a second golden cross between the DIF and DEA lines above the zero line (42.78/35.31), and the daily histogram has been positive for five consecutive days, although still below the zero line, the recovery momentum continues to strengthen. The price is expected to retrace to the 2600 level, and I advise all crypto traders to prepare accordingly. Although Ethereum's trading range has recently shifted upwards, the price is approaching the key resistance level of the daily chart's midline. Without a significant breakout, the consolidation pattern remains unchanged, so the strategy should remain to buy low and sell high. Short-term resistance is around 3100-3130, and support is around 2930. Ethereum short-term strategy reference for November 28th: Sell lightly at 3060-3105, stop loss at 30 points, target below 3000; Buy at 2881-2831, stop loss at 30 points, target above 2920. Please note that there may be a delay in posting this article, and the strategy suggestions are for reference only. Market conditions change rapidly; no matter how confident you are in your market analysis, always use stop-loss and take-profit orders to secure profits.