11.3 Ethereum (ETH) market analysis reference Ethereum's yesterday's market continued to fluctuate widely, with prices rising slightly. The subsequent upward momentum is weak, testing the 3900 resistance line again during the day. The daily high was under pressure and pulled back near 3917. The short-term gains are starting to weaken, and the intraday volatility remains unchanged. According to Technical Analysis, the current trend has formed a double top structure (with highs of 3917 and 3910) on the 4-hour chart and has effectively broken below the neckline at 3850. On the daily chart, it has closed below EMA7 (3891) for three consecutive trading days, presenting a 'descending three methods' pattern, further confirming short-term weakness. On the 1-hour chart, prices are operating within a downward channel, with multiple tests of the lower band support near 3850. From the technical indicators perspective, MACD has shown a second death cross with DIF and DEA below the zero axis on the 4-hour chart, and a top divergence signal has appeared on the daily chart. In terms of the moving average system, the current price is under dual pressure from EMA7 (3867) and EMA30 (3895), while EMA120 (3979) constitutes a long-term key resistance, and the overall trend leans towards weakness. It is recommended to focus on counter-trend shorts. 11.3 Ethereum short-term reference: Short lightly between 3915-3975, stop loss at 30 points, target below 3870. Long between 3761-3711, stop loss at 30 points, target above 3800. The article is delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, stop profit and stop loss must be managed well, lock in profits. #Participate in the creator certification program to earn $10,000#Gate跨所交易平台CrossEx上线 #美联储如期降息25基点 $BTC $GT $ETH