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November 17 Evening ETH Trend Analysis: Weak rebound nearing its end, short positions window opening.
The current rebound of ETH has entered the final stage. The core judgment of "weak pullback in a downtrend" made in the morning is fully established, and the signals indicating the exhaustion of rebound momentum are becoming increasingly clear.
The market shows clear signs of weakness: the reduction in volume makes it difficult to change the net outflow of funds, and market sentiment is cautious, lacking support from incremental funds entering the market; on the technical side, the BOLL middle track forms strong resistance, and the MA7 and MA30 continue to converge, with bulls repeatedly failing to break through, showing weak upward momentum.
Operation suggestion: Short positions should be taken when rebounding to the 3230-3260 range, with a stop loss set above 3280, and a target aimed directly at 3100, seizing the opportunity for a trend pullback after the decline. #ETH