ETH Market Strategy for November 9, 2026:
Yesterday, ETH rallied from around 2,450 before pulling back. It remains in a downtrend, and 2,063 is a key short-term low to watch, but there is not yet enough evidence to confirm that it is the bottom.
➤ Key signals to watch
🌟 A lower wick formed at 2,063, with buyers stepping in after a sharp dip. This suggests that some buyers are trying to enter at lower levels, but it is still too early to confirm a solid bottom.
🌟 A slight rebound followed the high-volume sell-off. The large bearish candle just now came with a clear spike in volume, suggesting concentrated selling pressure. The current rebound is more likely an oversold recovery, so watch whether volume can be sustained.
🌟 The 4-hour MACD histogram has expanded further into negative territory, with DIF below DEA. Rebound momentum is not yet strong enough to reverse the short-term trend.
➤ Short-term strategy
The current zone with relatively favorable risk-reward is 2,180–2,225. We can wait for a rebound into the resistance zone before entering a short position. First target: 2,140; second target: 2,100. Set a stop-loss if price firmly holds above 2,235.
Yesterday, ETH rallied from around 2,450 before pulling back. It remains in a downtrend, and 2,063 is a key short-term low to watch, but there is not yet enough evidence to confirm that it is the bottom.
➤ Key signals to watch
🌟 A lower wick formed at 2,063, with buyers stepping in after a sharp dip. This suggests that some buyers are trying to enter at lower levels, but it is still too early to confirm a solid bottom.
🌟 A slight rebound followed the high-volume sell-off. The large bearish candle just now came with a clear spike in volume, suggesting concentrated selling pressure. The current rebound is more likely an oversold recovery, so watch whether volume can be sustained.
🌟 The 4-hour MACD histogram has expanded further into negative territory, with DIF below DEA. Rebound momentum is not yet strong enough to reverse the short-term trend.
➤ Short-term strategy
The current zone with relatively favorable risk-reward is 2,180–2,225. We can wait for a rebound into the resistance zone before entering a short position. First target: 2,140; second target: 2,100. Set a stop-loss if price firmly holds above 2,235.
