ETH December 25th Market Analysis

The short-term situation has changed. The daily candlestick price has stabilized above the five-day moving average, and the weekly candlestick is likely to continue to fill the gap. Short-term bears at low positions should be cautious of risks! Currently, Ethereum is in the stage of rising, and whether there will be further selling depends on whether the upper pressure can be effectively broken through (the weekly and five-day MA5). Bitcoin's performance in the evening is also relatively strong, with this wave of prices reaching above 97,000 again, and it seems ready to push towards 100,000.

On the daily chart, today overall belongs to a phase of low-volume increase. The KDJ bears are showing a decrease in volume, while the three lines are turning upwards. In addition, the main chart price is stable above the MA5 daily moving average (today it has formed a red TD1; initially, it was thought to drop below the five-day moving average, but unexpectedly, the buying sentiment in the evening was too high. Currently, it seems to indicate a quick repair of the weekly gap). The key point now is to see whether the weekly MA5 and five-day MA5 can be effectively broken through. If successfully broken and stabilized, Ethereum and Bitcoin will likely welcome another wave of strong sentiment (the high point will continue to attack the new high area for the year); conversely, if the weekly and five-day MA5 are not broken, then everyone should pay attention to Ethereum's high-pull selling sentiment (to put it simply, be cautious of A-kills).

Looking at the 12-hour level, the closing price at 8 PM is once again above the five-day moving average, and with the green TD3, it continues to strengthen with increased volume. The trading volume shows that it is currently in a phase of low-volume increase (the appearance of this situation indicates an increase in the bear's profit margin; in the early morning, we follow the market to look at the weekly level gap repair).

Summary: The short-term thinking in the early morning has shifted to look for a rise to repair the weekly level gap (a few small skirts like Shihan and Tiefen have already notified to turn around in advance), with strong resistance around the 3650-3740 area.

Warm reminder: The weekly and five-day lines are currently undergoing a technical rebound adjustment. As for whether this wave of movement is a rise to sell or purely a bull pulling back for a second attack, the key point is whether the 3650-3740 area can be effectively broken through. If successfully broken and stabilized, the price will again significantly increase, heading straight for a new high for the year; conversely, if the 3650-3740 area cannot be effectively broken through for a long time, everyone should be cautious of the major high-pull fall indicated earlier this week. [Fist Bump][Fist Bump][Fist Bump]