Crypto Academician: Nov. 5 — Ethereum (ETH) wipes out three weeks of losses with one bullish candle. Have the ETH bears finally thrown in the towel?
No more beating around the bush—here’s the conclusion: 2,172 is most likely a temporary low in this decline. Why? Because three signals appeared at once: a bullish divergence on the 4-hour chart, a daily MACD golden cross, and a high-volume bullish candle with a 9.89% intraday range. This combination has appeared only three times in the past year, and each time it was followed by a rebound of at least 15%–20%. I’m not telling fortunes; I’m showing you the historical data. Follow me—I’ll keep tracking how far this rebound can go, where to reduce your position, and where to set a stop-loss.
The daily candlestick rose 7.09%, moving above EMA15 at 2,337 and EMA30 at 2,391. The MACD DIF has crossed above the DEA, marking the first sign that bearish momentum is fading on the daily chart. Price has moved above the middle Bollinger Band at 2,351. Resistance at the upper band is 2,494, while support is at the middle band at 2,351 and the lower band at 2,209. Conclusion: the daily chart has shifted from a one-way decline to an oversold rebound and consolidation phase. Whether this becomes a reversal depends on whether 2,494 can be decisively broken.
On the 4-hour chart, price rebounded from the low of 2,172. Along the way, a clear bullish divergence formed: near 2,170, the price made a new low, but the MACD indicator did not. This is a typical sign of bearish exhaustion. The five EMA lines, between 2,298 and 2,355, are starting to fan upward after converging. Price is now above all of them, and MACD momentum is still building. The Bollinger Bands are opening upward, and price has broken above the upper band at 2,393. But be careful: this rally has been quite sharp, and the short-term deviation is relatively large, making it less attractive to chase prices higher.
Short-term trade ideas:
Long: Resistance from 2,350 to 2,370; stop-loss 30 points away; targets at 2,450 to 2,510.
Short: Momentum stalls from 2,500 to 2,530; stop-loss 30 points away; targets at 2,450 to 2,400.
For specific trades, rely primarily on real-time order book data. For more information, contact the author. This article may be delayed and is for reference only. Trade at your own risk.
$ETH
#ETH走势分析
No more beating around the bush—here’s the conclusion: 2,172 is most likely a temporary low in this decline. Why? Because three signals appeared at once: a bullish divergence on the 4-hour chart, a daily MACD golden cross, and a high-volume bullish candle with a 9.89% intraday range. This combination has appeared only three times in the past year, and each time it was followed by a rebound of at least 15%–20%. I’m not telling fortunes; I’m showing you the historical data. Follow me—I’ll keep tracking how far this rebound can go, where to reduce your position, and where to set a stop-loss.
The daily candlestick rose 7.09%, moving above EMA15 at 2,337 and EMA30 at 2,391. The MACD DIF has crossed above the DEA, marking the first sign that bearish momentum is fading on the daily chart. Price has moved above the middle Bollinger Band at 2,351. Resistance at the upper band is 2,494, while support is at the middle band at 2,351 and the lower band at 2,209. Conclusion: the daily chart has shifted from a one-way decline to an oversold rebound and consolidation phase. Whether this becomes a reversal depends on whether 2,494 can be decisively broken.
On the 4-hour chart, price rebounded from the low of 2,172. Along the way, a clear bullish divergence formed: near 2,170, the price made a new low, but the MACD indicator did not. This is a typical sign of bearish exhaustion. The five EMA lines, between 2,298 and 2,355, are starting to fan upward after converging. Price is now above all of them, and MACD momentum is still building. The Bollinger Bands are opening upward, and price has broken above the upper band at 2,393. But be careful: this rally has been quite sharp, and the short-term deviation is relatively large, making it less attractive to chase prices higher.
Short-term trade ideas:
Long: Resistance from 2,350 to 2,370; stop-loss 30 points away; targets at 2,450 to 2,510.
Short: Momentum stalls from 2,500 to 2,530; stop-loss 30 points away; targets at 2,450 to 2,400.
For specific trades, rely primarily on real-time order book data. For more information, contact the author. This article may be delayed and is for reference only. Trade at your own risk.
$ETH
#ETH走势分析
