📣Ethereum trend analysis and trading suggestions sharing on Saturday, 11/29:

Ethereum surged yesterday, and long positions perfectly took profits. The trend did not stabilize above the 3100 level but instead experienced a pullback. The current price is around 3000. Is the trend weakening or is it a pullback for consolidation?

From the four-hour Ethereum price trend analysis, the K-line recently fluctuated around 3000, with a longer upper shadow appearing on November 28, indicating significant selling pressure at high positions. A slight pullback trend formed between November 26 and November 29, with high points gradually lowering and low point support around 2992. MACD: In the 4-hour cycle, DIF and DEA continue to decline, and the MACD histogram shows a trend of expanding green bars, indicating that short-term bearish forces are dominant. RSI: The RSI value gradually retreated from the overbought zone and is currently around 52, not entering the oversold zone, but momentum is weakening. EMA: EMA7 has fallen below EMA30, and EMA120 is far from the current price, indicating significant short-term moving average pressure, with EMA7 constituting dynamic resistance to the price. The daily trading volume has overall shrunk, reflecting a decline in market participation. In the 4-hour cycle, after a surge and drop, the trading volume increased and then gradually decreased.

Ethereum trading suggestions for 11/29:

It is recommended to enter long positions near Ethereum 2970-2980, target points: 3030-3060-3080.

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