ETH December 22nd Intraday Market Analysis

In the early morning, the short-term Ethereum trend is biased towards oscillating downwards, with the overall decline not being too strong, so today's intraday short-term analysis approach remains basically unchanged.

From a daily perspective, the current KDJ, MACD, and BOLL continue to resonate downwards, and the trading volume indicates that today is a phase of decreasing volume (with a small bearish candle for the day, so today's short-term is expected to primarily oscillate downwards); in the main chart, the current MA5 and MA10 moving averages continue to exert downward pressure, while the increase in the MA30 moving average continues to shrink. Today's main chart price also closed below the MA5 moving average, showing a red TD6 continuing to oscillate downwards, so the intraday trend is still primarily a downward oscillation.

Looking at the 12-hour level, the current TD9 on the 12-hour chart has not been repaired, and TD9 remains stable (because the short-term in the early morning is still oscillating downwards, which has not interrupted or repaired the TD indicator in advance. Based on the current situation, if there is not a significant decline before eight o'clock in the evening, then the current green TD1 will have completed its repair. After the eight o'clock update, Ethereum will produce a new red TD1 for short selling volume; everyone should pay attention to the risks). In the auxiliary chart, the MACD's DIF and DEA continue to move downwards, and BOLL is continuing to open significantly. The current opening range of the lower band is the strongest, which also indicates that there is still downward space in the short term.

In summary: I personally expect that the overall trend of Ethereum before eight o'clock in the evening will be biased towards oscillation (there may be a slight rebound, mainly to stabilize the current green TD1 on the 12-hour chart). Subsequently, if the former is confirmed (i.e., if there is no decline before eight o'clock in the evening), then everyone can pay attention to the volume drop of Ethereum and Bitcoin after the eight o'clock update. The current low support is still referenced around the 3114-2900 area.

Finally, a friendly reminder: trading volume during the weekend will not be too strong; everyone should view the market rationally, try to do less and observe more, restrain your hands, and avoid getting carried away!

The above is my personal intraday market analysis, for your reference only.