11.4ETH Evening Analysis

From the technical and funding aspects of the 4-hour cycle, ETH shows a clear bearish trend.

The price has fallen below around 3488, and the Bollinger Bands are opening downward overall, indicating a strong medium-term downward trend.
K value 13.85, D value 18.09, J value 5.37, the three lines are in the oversold area, there is a possibility of a rebound correction in the short term, but a golden cross has not yet formed, and the rebound momentum needs to be observed cautiously.
The green column shows signs of reduction, but overall it remains in a bearish pattern, and the mid-term downward momentum has not fully reversed.


Support levels to watch: around 3460, if it breaks down effectively, look down to around 3300.
Resistance to pay attention to: 3600, after breaking through look at 3764

Operation Suggestions
The target is around 3600; if it breaks below 3460, short-sell on the rebound at a high, with a lower target of the 3300-3200 range $ETH .