2024.11.17 Ethereum evening analysis:

After opening today, it rebounded and the current price is around 3120. The short-term trend is weaker than Bitcoin, and the upper resistance is slowly moving down. If the price cannot rebound and break through the short-term pressure of 3250 during the day, the market may still test the support below.

From the 4-hour level, the Bollinger Bands are opening downward, and the trend is running in the middle track area. The upward momentum has weakened. If it falls below 3014 in the short term, the price has the risk of further retreating to the area below 3000. The first support below is 3014, and the second support is 2900. In the short term, the trend of Ethereum remains weak. Pay attention to the pressure at 3250. Before the breakthrough, it is still expected to fluctuate. If it falls below the short-term support, it will be 2900. Don't short, and you can open positions in batches for Ethereum below 3000! #ETH