Ethereum Latest Market Analysis

Article Published on 2025.11.6------01:00

Before publication, the current price of Ethereum is 3390. Pionex observes that the current market is near a key resistance level. The technical indicators show that short-term momentum is strengthening and forming a bullish resonance signal, but the trading volume is low and the trend indicators are still in a bearish arrangement. The breakthrough of the resistance level will be crucial in determining the subsequent direction.

The daily chart shows significant buying support at low levels. The 2-hour chart has rebounded from around 3319 to 3405, forming a series of small bullish candles, indicating a short-term upward trend. The MACD on the 2-hour chart shows signs of a golden cross, with short-term bullish strength increasing. The EMA short-term moving average support is effective, but the mid-term is still under pressure. Pionex judges that the larger trend remains bearish, so the strategy is primarily to short at highs, with some long positions at lows.

Short-term reference points:

Short position at 3450, stop loss at 3550, stop loss 50 points, target 3350

Long position at 3300, stop loss at 3250, stop loss 50 points, target 3450

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The content of the article is real-time and for reference only; risks are borne by the reader.

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