November 6 Evening ETH Market Analysis



The daily chart for ETH shows a confirmed double top pattern, with significant resistance above. On the 4-hour chart, the trend has shifted from a stair-step decline to a sideways downward movement, with increased market volatility, raising the bar for entry points. Currently, the price is under the middle band of the Bollinger Bands, and the overall downtrend remains intact. The outlook continues to favor a bearish trend.

Trading strategy:
Focus on rebound opportunities, maintaining a cautious approach.

Recommendations:
Consider deploying staggered buy orders around 3450 and 3500, while carefully managing risk.
ETH-3.43%
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