Daily Analysis of #ETH

1️⃣ The frequency of structural interpretation and scanning is getting faster, which means opportunities are coming soon. Here, we need to patiently wait for the opportunity rather than forcing it. We should wait for the direction to become clear before we take action.
2️⃣ Capital Flow & On-chain & Exchange Dynamic Market Sentiment (Collective "Psychology" Reflection): Positive signals are emerging in market sentiment. According to Santiment's data, the number of bullish comments about Ethereum on social media exceeds bearish comments by about 50%. Although the overall discussion heat is lower than usual, this slightly positive sentiment contrasts with the broader market's "extreme fear" environment, potentially indicating that ETH remains attractive to certain investors. Potential Turning Point: Some analysts point out that the prevailing fear and negative sentiment in the current market may lead to "weak hands" (investors lacking confidence) selling off, which often precedes a market reversal and could even trigger an "unexpected November rebound."
3️⃣ Intraday trading strategy in the range of 3540-3590, you can try to short. Stop loss above the resistance zone. ETH's volatility is usually greater than BTC's. In the current weak trend, this means it may drop deeper, and the fluctuations during rebounds are also more severe, which is a great test for position management.
4️⃣ Risk Warning Market Correlation Risk: The performance of ETH is highly correlated with BTC. If big brother BTC falls below the $100,000 mark, little brother ETH will find it hard to stand alone, and the decline may be amplified. High Volatility Risk: The intraday price fluctuations of ETH are usually greater than those of BTC. In the current market environment, this means that any operation may face significant price volatility, and it is essential to manage risk through light positions and stop-loss orders. Sentiment Shift Risk: Although current market sentiment indicators suggest a possible rebound, this is not guaranteed. If panic sentiment continues to spread or even worsens, the process of price bottoming out and rebounding will become longer and more tortuous.