Ethereum Market Analysis as of 11.12: The intraday trend shows a rally followed by a pullback. After multiple attempts to test the resistance near 3580, as expected, the price has again moved into a correction. Currently, the price is around 2570. The intraday pullback has already touched the support near 3400. If the price does not break below 3400, it is advised not to enter short positions blindly.

On the short-term hourly chart, the trend shows three consecutive bearish candles indicating a correction phase. The midline support has been broken, and the short-term rebound strength is weak. If the price does not break and stabilize above the short-term resistance at 2500, there is a risk of retracing to around 2400. Please be prepared. The current trend continues to oscillate downward, so our strategy remains mainly to short on rebounds, with additional long positions on dips.

Currently, short-term resistance is around 3500, followed by 3560. Support levels to watch are 3400; if broken, then 3330.

11.12 Ethereum Short-term Strategy Reference:
- Light short positions at 3515-3575 with a 30-point stop loss, targeting below 3470.
- Long positions at 3361-3311 with a 30-point stop loss, targeting above 3420.

Note: The article may be delayed. Strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how confident you are in your market judgment, always manage your take profit and stop loss to secure gains.