#加密货币市场动态 **November 21, 2025, 4:20 PM Ethereum Trend Review (short positions dominant)**

Looking at the 4-hour level, ETH is experiencing a smooth one-sided decline. The current price hovers around 2744. The three bands of the Bollinger Bands are all opening downwards: upper band 3229, middle band 3019.53, lower band 2727.86, and the entire channel shows a contracting downward trend.

In terms of the moving average system: the short-term MA5 and MA10 have formed a death cross and continue to decline, while the medium and long-term moving averages are arranged in a typical short positions pattern. The trend is very clear.

Both MACD lines are operating below the zero axis, and the gap is continuously widening after the death cross, with the green bars continually lengthening. The bearish energy is still accumulating, showing no signs of exhaustion.

The current RSI14 reading is 30, which has entered the oversold range. Theoretically, there is a need for a rebound, but in a strong downtrend, the reliability of this signal is discounted.

**Operational Idea Reference:**

Long opportunity - If the price repeatedly tests the 2720 level but does not drop below it, consider placing long positions near 2720. Set the stop loss below 2680 and aim for 2860.

Short Position Opportunity - If the price retraces to the 2900 level (which is exactly the MA10 resistance level), this is a good shorting point. Enter around 2900, set the stop loss above 2960, and target a take profit near 2750.

$ETH