ETH December 17th Intraday Market Analysis

From a daily perspective, the current changes in technology are not significant; the mainstream support is very strong (which means there are buyers stepping in whenever there are sellers). Currently, the MA30 and BOLL continue to resonate and move upwards, with the growth of MA30 increasing, and the upper BOLL band continuously widening, which means that the short-term gains have not yet concluded. MA5 and MA10 continue to adhere and rise, while the KDJ and trading volume in the auxiliary chart still show strength and activity, so for today, the intraday short-term view remains bullish.

From a 12-hour perspective, there is a change in the rhythm with a sticky upward turn in the middle of the MACD, and the current cryptocurrency price continues to rise strongly, currently heading towards the upper band; in the main chart, the MA three-day moving averages are in a bullish arrangement, while the cryptocurrency price is firmly above the MA three-day moving averages connecting the green TD4, indicating the current strength and vitality of Ethereum.

Summary: For today, the short-term suggestion is still to focus on buying on dips; Ethereum's next high point is expected to be around the 4170-4390 range, while Bitcoin's next high point is in the 110k-120k range. The thought process is basically consistent with what was stated earlier; the current situation is similar to when Bitcoin surged to 90k, where retail investors' bullish sentiment has begun to decline, so the market makers won't allow the mainstream price to drop at this time.

To put it simply, the current market situation is either not going to drop, as the market makers won't release their chips for retail investors to enter, or if it drops, it will definitely be a wave, a significant cleansing of the market. However, currently, the support does not indicate a mainstream crash, so the short-term suggestion is still to buy on dips (it’s still not time to drop; the market makers are still protecting the price).