Ethereum (ETH) Market Trend Analysis and Trading Suggestions (November 5th):

Yesterday, long positions in Ethereum were closed out for profit again. Although Ethereum has seen a pullback, the current trend is still likely to test the 3250 level. Analyzing the four-hour Ethereum price trend, the price recently surged from a low of around 2805 on December 2nd to a high of 3214 on December 3rd, forming a strong upward trend, but subsequently encountered resistance above 3200 and fell back. Currently, the price is in a consolidation phase, with a small bearish candlestick appearing at the high, indicating a temporary balance between bullish and bearish forces. The DIF and DEA lines are gradually converging, and the red bars are shortening, indicating weakening upward momentum and a need for adjustment. The RSI14 value is 57, in the neutral-to-strong zone, but not yet in the overbought zone, suggesting continued short-term consolidation. The EMA7 (3146) and EMA30 (3069) remain in a bullish alignment, with the price trading below the EMA7, indicating a possible short-term test of support. Significant volume was observed between December 2nd and December 3rd, accompanied by a sharp price increase, indicating strong capital inflows. Recent trading volume has contracted, indicating a more cautious market sentiment. Ethereum trading suggestion for the evening of November 5th: Consider entering long positions around 3120-3100, with target prices of 3170-3200-3240. Market conditions are constantly changing; this article is for informational purposes only, and free real-time strategy guidance is available!