.#ETH has not broken yet, and the momentum is very weak!
There are no resistance levels on the weekly and daily charts, and both EMA20 and EMA50 are being held down. Only the 15-minute chart needs to break through at 3050.
At this point, we can only think in reverse from a technical perspective, that is, why did we move towards the previous smooth path, yet ended up with a volatile market?
On the news front: The US stock market is half-closed on Friday, and important data (November ADP employment) will not be released until December 3. In this boring sentiment, we must be wary of a drop below 2970; if it breaks 2970, it is very likely to continue to decline.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Reward
like
1
Repost
Share
Comment
0/400
OptimusGG
· 2025-11-27 12:18
A smooth road ahead? By the end of the year, everyone is queuing up to cash out, where is there still big money to invest! A flat path downwards is indeed true!
.#ETH has not broken yet, and the momentum is very weak!
There are no resistance levels on the weekly and daily charts, and both EMA20 and EMA50 are being held down. Only the 15-minute chart needs to break through at 3050.
At this point, we can only think in reverse from a technical perspective, that is, why did we move towards the previous smooth path, yet ended up with a volatile market?
On the news front: The US stock market is half-closed on Friday, and important data (November ADP employment) will not be released until December 3. In this boring sentiment, we must be wary of a drop below 2970; if it breaks 2970, it is very likely to continue to decline.