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#特朗普撤销农产品关税 Is this rebound a real turnaround or just a fake move?
Observation on the night of November 17: Ethereum climbed from a low of $3001 all the way up to $3223. Looks impressive? But the capital flow poured cold water on it—net withdrawals by main players reached $424 million. This seems more like a technical repair after a sharp decline, so don’t rush to declare that the bull market is back.
On the daily chart, although the K-line has rebounded from the lower Bollinger band, it is still gasping below the middle band. The MACD green bars are narrowing, golden cross? Not a chance. The RSI has climbed from the oversold zone to 39-45, indicating a "I’m still alive" state. The structure remains weak; it's just a script for a sharp drop rebound. On the 4-hour chart, a medium bullish candle has some significance, but unfortunately, it is still trapped in a downward channel — the pressure from the middle band is there, want to break through? Show me the real money. The MACD has just turned positive but the momentum is weak; we need to see if there will be follow-up volume. On the 15-minute level, the short-term bullish momentum is okay, but the high-level fluctuations are becoming more apparent. The KDJ has already flattened at a high level, indicating a need for a pullback. If we can’t get past the 3230-3250 barrier, the short-term will have to go down.
Key Position:
Pressure at 3230 and 3280
Support looks at 3150 and 3070
Strategy Ideas:
Aggressive traders can short in the 3230-3280 range, targeting 3150 and 3070. For a more conservative approach, wait for the price to stabilize around 3150-3170 before considering a light long position, aiming to touch 3220, with a stop loss set at 3110. Don't chase the highs; the resistance is clearly present.