Hello everyone, I am Lao Lv. Yesterday was actually a day of clarifying thoughts because before the price breaks out, we don't know if it can break through. So in this situation of long and short stalemate, the only thing we can do is to speculate, and this speculation requires finding key positions. Key positions mean whether your stop-loss is reasonable. Yesterday was actually a very good case. For the dual currencies, we clearly provided the support levels: Ethereum at 3500 and Bitcoin at 104600. Once these levels are broken, the market in the evening will definitely not be bullish, but will turn downwards again. Many friends are not unwilling to set stop-losses, but they don't know where to place them. With daily price fluctuations of hundreds or thousands of points, if the loss is too large, it can't be recovered; if the loss is too small, it gets easily swept away. Not to mention the timing and position for entering the market. Recently, the market has been quite unfriendly. Although the overall price keeps hitting new highs, it is also accompanied by huge pullbacks. Under normal circumstances, when the price forms a double top, there is usually a nice phase of upward movement after a breakout, but that is not the case now. Ethereum has consecutively formed double tops at 3480 and 3650, and the wave-like upward trend indicates that the price will still be volatile. This kind of wide-range washing and volatility further suggests that there will be a larger one-sided drop or rise in the future, similar to the trend from mid to the end of last month.

Ethereum's price has been quite erratic. Apart from some technical points at key positions, the intraday movement has been quite chaotic, but there are still patterns to follow. Although the technical aspect hasn't shown much, the methods of the market makers seem to have already provided the answer. First, we need to clarify the future direction: is it bullish or bearish? Personally, I believe it will continue to rise for the following reasons: whether on the hourly or four-hour small cycle, Ethereum is consistently rising. Although there are pullbacks each time, the price's high points keep moving up, which is a typical construction of an upward channel. Secondly, this regular upward movement has already been mapped out by the market makers; you just haven't noticed it. We will display this regular upward movement in the chart below. The meaning of this pattern expressed in words is that the starting point for each upward movement after a pullback is the high point of the last downward rebound. In fact, the price is continuously converting between peaks and troughs. Although the upward process is slow, it does not affect the upward rhythm. Therefore, I will continue to identify a bullish rhythm.

Looking back at the intraday movement, after a slow decline in price last night, this morning did not continue that trend. The hourly chart is repeatedly forming a bottom, and the entire upward movement has almost no pullback. Moreover, the hourly chart lacks a shape for upward acceleration. Therefore, tonight will definitely be a key moment for the bulls. If you ask about the endpoint of the rise, continue to look for a breakout at 3650 USD. According to the rhythm of tonight's rise, being bullish cannot wait for a large pullback; if there is a significant correction in shape, the upward movement will inevitably be restricted. We are paying attention to the extreme pullback position at the support of 3466 USD. As long as the price does not fall below this level tonight, all long positions are basically safe. According to the hourly gap filling, we will continue to narrow the long position range. The gap position is: 3532-3494. We will continue to average and look for a 0.382 retracement, basically determining the entry price around: 3505 USD. Based on the highest point, this price continues to look bullish, which is definitely an aggressive bullish stance. However, from a structural perspective, this speculation is worthwhile, and since we are aiming to break through 3650, there is also plenty of upward space.

For Bitcoin, according to Ethereum's structural and technical methods, the key support position is: 103484. Once it reaches that level, continue to look for bullish movements.

Ethereum long at 3505 USD

Bitcoin long at 103484 USD

Today: Written by Lao Lv on November 12, 2025, at 20:18. Note that all strategies are effective once and cannot be reused! Follow the WeChat public account: Please call me Lao Lv from the crypto circle.

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