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11.13 [ETH Morning Analysis]
Suggestion: Short around 3450-3480, target 3400, if broken look at 3350.
Analysis: After a rapid rise to 3587 last night, ETH quickly fell back and is now oscillating around 3437. On the 1-hour chart, both MA7 and MA30 are forming a pressure zone above, and the MACD indicator is still in the green bar range, indicating that bearish momentum has not completely dissipated. If the rebound cannot stabilize above 3480, it is very likely to continue to test the 3400 support. In terms of operations, the focus is on shorting during rebounds, with short-term pressure levels at 3480 and 3500, and support levels below at 3400 and 3350.
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