Reference for Ethereum early morning market analysis on January 4, 2025
- Since Ethereum is currently rebounding at the daily level, the trend is strong. In this case, if the MACD indicator shows that the DIF line is above the DEA line at the daily level, and the MACD bar is above the zero axis and continues to lengthen, this corresponds to the rebound trend at the daily level, further confirming that the bulls are dominant.
Market analysis at early morning on January 4
- Assume that in the early morning of January 4, the price is close to the upper pressure level. If the MACD indicator shows the following at this time:
- Changes in the DIF line and the DEA line: The DIF line begins to flatten or shows signs of turning downward, and the distance from the DEA line gradually narrows, which may indicate a weakening of the bulls' strength. When the price touches the upper pressure level (such as 3630-3640, 3660-3670, 3715-3720), the upward momentum is insufficient, and there is a high probability of a callback profit space, which can be paid attention to.
- MACD bar chart changes: If the MACD bar chart is above the zero axis but starts to shorten, it also indicates that the bulls are weakening. Even if the price temporarily breaks through the pressure level, this situation may only be the last struggle of the bulls, which may then trigger a larger correction.
- On the contrary, if the price approaches the support level below (3530 - 3520, 3460 - 3455, 3427 - 3420), and combined with the price and indicators near the support level, it may stabilize and rebound