ETH December 3rd Intraday Market Analysis

In the early morning, the short-term rise of Ethereum did not break through the strong resistance at the high point, which indicates that the pressure above remains relatively strong. The analysis approach for the short term here continues from the early morning analysis; if the rise does not break the 3700-3750 range, the subsequent weekly level may still undergo a technical pullback adjustment. In fact, everyone should note that the short-term market in the past two days is in a short-term box structure, experiencing repeated oscillation adjustments.

As for today's intraday short-term, everyone can pay attention to the KDJ and MACD on the 12-hour chart showing a bearish crossover, and the bears are slowly increasing their volume; the main chart MA5 and MA10 continue to exert pressure, and currently, the coin price is still under the pressure of moving averages, continuing to weaken in the short term. However, the strength of the low MA30 indicates that there is still relatively strong buying support below. The indicators on the 4-hour chart are generally in a slight downtrend in bearish resonance, and the BOLL currently shows a slight opening at the lower band. It is estimated that this evening will be in a fluctuation phase, and at 8 PM or midnight, the bears may accelerate; the main chart MA5 and MA10 continue to press down, and the coin price has also fallen below the MA30 daily moving average, which undoubtedly signals continued observation of adjustments.

Summary: For the intraday short-term, we continue to observe a downward oscillation as the main trend. (If there is no breakout in the short term, one can engage in high selling and low buying within this box; without a one-sided market surge, everyone should try to trade without being too greedy). Currently, the first key support level to reference is around the 3360-3450 area.

The above is my personal intraday market analysis for your reference. #ETH持续飙升 $ETH