Market Analysis for January 5th, Early Morning

During the day, Ethereum has been slowly rising, with highs reaching above 3600, currently stabilizing in the 3600-3650 range. It is estimated that in the short term, it will continue to oscillate within this range (not discussing whether the price can break through to the resistance level tomorrow; as long as it can stabilize in this range, next week the coin price will move above the weekly K five-day moving average). The current oscillating market is actually beneficial for the subsequent trend.

From a daily chart perspective, the current KDJ and MACD are resonating upwards, and BOLL continues to move downwards overall, but the coin price has basically stabilized above the middle band. The trading volume is continuously decreasing in the short term, indicating that the short-term trend is still leaning towards oscillation and slow movement; in the main chart, the five-day and ten-day moving averages continue to cross upwards. Today's coin price continues the bullish arrangement of the green TD3; although the upward momentum is not very obvious, at least the technical trend is still relatively positive, so we will continue to adopt a low-buy strategy in the short term.

From a 12-hour perspective, KDJ, MACD, and BOLL continue to resonate upwards. However, the coin price is at a breaking point in the BOLL (the increase during the early morning is estimated to be relatively stagnant); in the main chart, the MA three-day moving averages continue to rise at different amplitudes, which also means there is strong support below. Overall, the short-term in the early morning is likely to lean towards box oscillation; although the support below is strong, the breaking point of BOLL also limits the upward space for short-term gains.

Summary: I personally expect that during the early morning and tomorrow morning, the coin price will still lean towards oscillating upwards (the trading volume over the weekend is not expected to be strong, so everyone should view it rationally). Currently, Ethereum is in a short-term pressure zone between 3600-3650 (there will be a struggle for breaking points in this area in the short term). As long as the strong resistance area is effectively broken and stabilized, Ethereum will release a second wave of relatively strong bullish sentiment, and the next high point can continue to look towards the area around 4116-3972.