$ETH Evening outlook: 11/11.
Ethereum made a false break below the 2147–2063 consolidation range, but has now moved back above 2063. It must stay above 2063 to find a bottom and rebound, with 2097–2147 as the upside target. Only a break above 2147 would restart the hourly uptrend. If Ethereum pulls back and breaks below 2063, it likely won’t hold the previous low at 2002. 2000 is major support for Ethereum, and this is the first retest of that level. If the first retest of major support at 2000 can’t produce even a $150 rebound, that suggests buyers around 2000 haven’t stepped in—people just aren’t interested. Everyone may have reached the same conclusion: Ethereum is bound to break below 2000. So if Ethereum’s first rebound from 2000 can’t get back above 2147, a second retest of 2000 will certainly break below it. Ethereum will only be temporarily out of danger if it can get back above 2147. If 2000 breaks, watch 1934! If you want to go long on Ethereum, keep an eye on major support at 2000; go long if the retest holds and a long signal appears. If it breaks straight through, wait and see.
Go long on Ethereum if it breaks above 2070 with volume; go short if it breaks below 2048 with volume. Watch for changes in volume and use stop-losses.
If Ethereum holds above 2070 on the hourly chart, look for 2097–2147.
If it breaks below 2048 on the 4-hour chart, look down to 2000–1934.
Ethereum’s daily candle ultimately closed below 2089. Ethereum is pretty much cooked; now we’ll see whether 2000 can hold and trigger a strong rebound. If Ethereum can’t get back above 2089 on the daily chart, the next downside target is around 1929. A move to 1929 would completely fill the daily gap. Once the gap is filled, we’ll have to see how much further it can fall. For now, focus mainly on shorting rebounds, with longs as a secondary strategy to catch bounces. Ethereum is already at 2000—are you still not buying spot? Waiting for 1500–1300? If it gets down to 1500–1300, you can add to your position then! But what if it never gets there—won’t you miss out on spot? Buy Ethereum spot in batches! Don’t end up slapping your thigh when it takes off. Meeting adjourned.
$ETH
#CPI高于预期，美股与BTC再度承压
Ethereum made a false break below the 2147–2063 consolidation range, but has now moved back above 2063. It must stay above 2063 to find a bottom and rebound, with 2097–2147 as the upside target. Only a break above 2147 would restart the hourly uptrend. If Ethereum pulls back and breaks below 2063, it likely won’t hold the previous low at 2002. 2000 is major support for Ethereum, and this is the first retest of that level. If the first retest of major support at 2000 can’t produce even a $150 rebound, that suggests buyers around 2000 haven’t stepped in—people just aren’t interested. Everyone may have reached the same conclusion: Ethereum is bound to break below 2000. So if Ethereum’s first rebound from 2000 can’t get back above 2147, a second retest of 2000 will certainly break below it. Ethereum will only be temporarily out of danger if it can get back above 2147. If 2000 breaks, watch 1934! If you want to go long on Ethereum, keep an eye on major support at 2000; go long if the retest holds and a long signal appears. If it breaks straight through, wait and see.
Go long on Ethereum if it breaks above 2070 with volume; go short if it breaks below 2048 with volume. Watch for changes in volume and use stop-losses.
If Ethereum holds above 2070 on the hourly chart, look for 2097–2147.
If it breaks below 2048 on the 4-hour chart, look down to 2000–1934.
Ethereum’s daily candle ultimately closed below 2089. Ethereum is pretty much cooked; now we’ll see whether 2000 can hold and trigger a strong rebound. If Ethereum can’t get back above 2089 on the daily chart, the next downside target is around 1929. A move to 1929 would completely fill the daily gap. Once the gap is filled, we’ll have to see how much further it can fall. For now, focus mainly on shorting rebounds, with longs as a secondary strategy to catch bounces. Ethereum is already at 2000—are you still not buying spot? Waiting for 1500–1300? If it gets down to 1500–1300, you can add to your position then! But what if it never gets there—won’t you miss out on spot? Buy Ethereum spot in batches! Don’t end up slapping your thigh when it takes off. Meeting adjourned.
$ETH
#CPI高于预期，美股与BTC再度承压
