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#ETH ETH Evening Analysis on November 4



Ethereum is currently testing the key demand area indicated on the chart. The price has seen a slight rebound in this area, suggesting that bulls are defending the support level. However, the overall momentum remains bearish, and the market continues to form a pattern of decreasing highs and lows.

If the support level holds, it may rebound to the previous resistance level in the short term. Conversely, if it clearly breaks below that level, it will trigger further downward continuation, confirming the market's bearish strength.
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