Ethereum monthly chart closed on November 30th; trend analysis and trading suggestions:

Last night, based on the trend recommendation, we entered long positions on Ethereum at 2970-2980, with target prices of 3030-3060-3080. These target prices were perfectly reached today, and we have already exited with profits! Analyzing the four-hour Ethereum price trend, the price rebounded from a low of 2998.5 to 3035.53 in the last four hours, forming a long lower shadow, indicating increased buying power. Looking at the daily chart, November 30th closed with a bullish candle, breaking through the previous day's high of 3051.80 but failing to hold, indicating short-term consolidation. MACD: In the four-hour timeframe, both the DIF and DEA are below the zero line, but the MACD histogram is shortening, indicating weakening bearish momentum and a potential shift to a bullish trend. The current RSI value is 59.26, approaching the overbought zone, indicating strong market sentiment, but the risk of a pullback should be noted. In the 4-hour timeframe, the 7-period EMA (3010.79) has crossed above the 30-period EMA (2990.27), indicating a short-term bullish trend. The 120-period EMA (3093.96) remains far from the current price, representing significant long-term resistance. Meanwhile, recent trading volume has increased, especially during periods of sharp rises and falls. Current volume is gradually decreasing, suggesting a possible consolidation phase. The subsequent directional move needs to be closely monitored. Ethereum (ETH) trading strategy for November 30th: It is recommended to enter long positions around 3000, with a target price of 3040-3080. Hold long positions if the trend stabilizes above 3100. For further support, consider adding to long positions around 2950, maintaining the same target price. Market conditions are constantly changing, and this article is subject to change. Please refer to the information on the homepage for specific details and private real-time guidance.