On November 8, ETH showed a top trend; expectations for a pullback increased...

ETH/day chart: Ethereum continued to fluctuate at high levels yesterday, with the lowest price at 1850 and the highest price at 1908, closing at 1885

K closed a hammer line pattern that bottomed out and then stabilized; it should be noted that the signal was not at a lower position but at

After two rounds of rise, the important resistance area 1900-1920 closes the signal; it is a ceiling line form and has certain temptation.

Suspicion of bullishness; the overall bullish direction remains, but be sure not to chase the bullish market; patiently wait for full adjustment and recovery

After the adjustment ends, a new turning point appears and then look for long entry opportunities; this signal is expected to fall back!

ETH/4 hours: Analyzing the 6-4 hour price trend in the chart, the highest price blocked at 1916 after breaking through 1880

In the past two days, there have been signs of price divergence from the top; expectations for a pullback are further increasing; for the short thinking

Partners can take short positions near the current price of 1880 and pay attention to short-selling opportunities; defensive settings are added above 1916

points; the targets can be seen in the 1850-1830 range; the expected fall during the European session can effectively fall below 1850

The first support will test 1830 or even 1800 downwards; for those with bullish ideas, they still need to wait for the market.

After the decline is completed and a clear turning point appears, consider the opportunity for long entry;

Recommended ideas [Daily long, 4-hour shock]

Support 1850-1830/Resistance 1900-1930