#ETH走势分析 November 27th on-chain data interpretation: A technical perspective on three major mainstream tokens.

$BTC $DOGE $XRP

The cryptocurrency market has shown interesting structural changes at the time node of November 27. The latest data report released by on-chain analysts indicates that the current market exhibits a clear trend of capital differentiation — the technical patterns of mainstream tokens are becoming clearer, while certain MEME sectors are signaling phase opportunities.

Bitcoin maintains a strong consolidation pattern.

From the 4-hour candlestick chart, BTC price continues to operate above the middle band of the Bollinger Bands. This position was previously a resistance area, and has now transformed into a relatively solid support. The consecutive bullish candles accompanied by an increase in trading volume indicate that bullish sentiment has not waned.

The market has divergent views on the short-term trend. However, considering the persistence of net inflows on-chain, even if a correction occurs at present, it is more a result of normal profit-taking. For medium to long-term investors, if the key support level can be maintained, each pullback instead provides a time window for phased entry.

The capital flow of Dogecoin has reversed.

The MEME coin sector has seen noteworthy changes in the last 48 hours. The net supply of DOGE on exchanges has turned from negative to positive, and this reversal in capital flow has historically often indicated the formation of a phase bottom.

The current price is oscillating in the range of $0.158. It is worth mentioning that the core support level of $0.08 has not been effectively broken, indicating that there is still underlying buying strength. For traders who prefer high-volatility assets, the current range already offers a certain risk-reward ratio. If it can break through the previous resistance level, it may initiate a new upward cycle.

Ripple coin's short-term fluctuations do not change the long-term logic.

XRP has recently experienced a rollercoaster market. Within 48 hours, whale addresses sold approximately 190 million tokens, causing the price to briefly pull back to $2.11. However, this short-term selling pressure has not shaken its fundamentals.

On the technical level, $2.05 is a key position, and the current price has stabilized around this area. The negative news has basically been digested by the market. Long-term holders can take advantage of this type of pullback opportunity to gradually accumulate positions, while closely monitoring two factors: first, the progress of ETF products, and second, whether the core support level remains effective.

The two observational dimensions of the current market

Integrating on-chain data and technical patterns, the market is currently in the "capital flowing back to value coins" stage. MEME coins, on the other hand, show obvious structural differentiation. What needs to be focused on next is the sustainability of capital movements and the breakthrough of key price levels.

For ordinary investors, it is recommended to prioritize allocating to BTC, XRP and other varieties that have fundamental support, avoiding the short-term speculation of small market capitalization coins. In terms of operational strategy, "gradually building positions during pullbacks" is relatively prudent, while strict stop-loss discipline must be enforced.