SwingingLittleLeek
Ethereum Market Analysis as of 11.12: The intraday trend shows a rally followed by a pullback. After multiple attempts to test the resistance near 3580, as expected, the price has again moved into a correction. Currently, the price is around 2570. The intraday pullback has already touched the support near 3400. If the price does not break below 3400, it is advised not to enter short positions blindly.
On the short-term hourly chart, the trend shows three consecutive bearish candles indicating a correction phase. The midline support has been broken, and the short-term rebound strength is weak.
View OriginalOn the short-term hourly chart, the trend shows three consecutive bearish candles indicating a correction phase. The midline support has been broken, and the short-term rebound strength is weak.


