11.5 Afternoon ETH Analysis



The daily trend of ETH is in sync with Bitcoin, showing a "sharp rise followed by a pullback + wide fluctuations" pattern. During the pullback, trading volume did not significantly increase, indicating weak consolidation after a sharp decline.
The technical aspect is also in a weak structure of "failed to rally and broke below the mid-line," but the previous support from the earlier fluctuation low points below excludes the possibility of a one-sided decline.
Avoid blindly bottom fishing and over-speculating. It is recommended to "sell high and buy low + quick in and out". If the subsequent rebound is accompanied by volume, pay attention to the continuation of the trend; if it rises with reduced volume, maintain a fluctuation mindset.
ETH: Layout around 3220-3260, first look at 3068-3100. #当前行情抄底还是观望?
BTC-7,63%
ETH-12,62%
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