ETH January 5th Intraday Market Analysis

The weekend market is still leaning towards volatility, with trading volume relatively scarce. From midnight to this morning, the price has remained in a short-term resistance range and is undergoing fluctuations and adjustments. Therefore, today's intraday analysis approach is largely consistent with the analysis from midnight.

From a daily chart perspective, today the KDJ and MACD golden cross continue to oscillate and rise; in the main chart, the MA5 and MA10 daily moving averages continue to cross upward. However, there is a slight gap between the intraday coin price and the five-day moving average, so a minor technical pullback adjustment is expected today. Subsequently, the overall trend for today is still leaning towards slight upward fluctuations (as long as the intraday price stabilizes in the 3600-3650 range or above, the market will start to activate next week).

From a 12-hour chart perspective, the current KDJ, MACD, and BOLL are continuing to resonate and rise. Note that although the BOLL upper band has opened, the long-term close adherence of the coin price suggests insufficient upward space; in the main chart, the three-day moving averages continue to align upward. Overall, today, intraday traders are still looking for upward movement, with a low buy trading strategy.

Summary: For today's intraday short-term strategy, I personally recommend buying on dips. The intraday trading volume is unlikely to be strong, so everyone should view the market rationally. As for next week's trend, as long as Ethereum's price stabilizes in the 3600-3650 range or above the resistance level today, the market will begin to activate next week (the probability of activating above the resistance level will be higher than stabilizing within the resistance area). The next key target high point is still referenced around the 4116-3972 area.