ETH December 1st Intraday Market Analysis

From the monthly chart perspective, the current KDJ and MACD are still showing a bullish cross and strengthening overall, and the upper Bollinger Band is continuing to open upwards; the moving averages on the main chart are also maintaining a bullish arrangement structure, which indicates that the various technical indicators are still trending strong sideways. However, everyone should note that there is currently a reduction in trading volume, and there is a significant gap between the main chart price and the moving averages. Therefore, it can be seen that this month may experience a rise followed by a pullback (for example, rising to the upper Bollinger Band area and then offloading to repair the gap). Another possibility is that it may remain sideways around 3700 in the short term before making a large gap repair on the monthly chart. Currently, we are watching whether there will be a rise before the end of the month. From a larger technical perspective, if it pushes to the upper Bollinger Band and then adjusts, it actually consolidates the double top structure. Based on the current situation, the probability of the former scenario is somewhat higher (as for the specific actual situation, we will still wait for the daily intraday market analysis prompts).

The gap price for Ethereum on the monthly chart is approximately in the 3100-2900 range; for Bitcoin, it refers to the 84k-94k range (using 0.382-0.5-0.618 as a step-wise reference).

From the daily chart perspective, the current KDJ and MACD are still maintaining a fluctuating upward rhythm, with trading volume continuously decreasing. The current price is tightly adhering to the upper Bollinger Band (indicating that upward space is restricted). The moving averages on the main chart are still in a bullish arrangement, so overall, the short-term technicals are still strengthening. However, the upward space is somewhat limited, and 3700 is also a key strong resistance in the short term. The intraday short-term estimate is still adjusting within about 50 points around 3700.

In terms of the short term, it is really about whether 3700 can stabilize. As long as 3700 stabilizes, Ethereum will likely head towards the monthly upper Bollinger Band, which is approximately around 4100; conversely, if 3700 cannot stabilize in the short term, then the monthly large level will directly initiate a technical adjustment.

Considering it is the weekend, today's intraday volatility will not be too strong, and the ultra-short-term price will fluctuate around 3700. It is advisable for everyone to remain cautious and try to maintain a cash position instead of trading!!! Be sure to lower trading frequency and wait for the right opportunity to consider entering the market.

The above is Yuelin's preliminary market analysis for intraday and monthly charts, for reference only.