ETH December 19th Intraday Market Analysis

In the early morning, the mainstream market explored the bottom and then fell back. From an emotional perspective, it is actually very obvious; the difficulty in rising yesterday was a signal of anomaly. The speech by Powell in the early morning actually ignited this. However, this time the drop just happened to hit the lower support area of 3595-3450. From the five-day line, this drop is not 'thirst-quenching' (although it has fallen, the TD indicator of the five-day line has not achieved a red TD1 technical repair, which also means that this drop has not ended, and there is still downward space in the future).

Looking at the daily level, the KDJ and MACD dead cross continue to resonate downward, and the lower track of BOLL currently shows a slight upward bend (the drop space is hindered, also meaning reaching the support area); the main chart's MA5 and MA10 moving averages continue to converge downwards, but the MA30 moving average has not yet linked to the bearish trend. Meanwhile, the main chart's coin price has produced a slight gap with MA5, so I estimate that there will be a technical rebound repair after probing the support intraday (if the rebound does not break the daily MA5, then the subsequent coin price will continue to decline in volume).

The situation at the 12-hour level is basically similar to the daily level. Currently, the KDJ and MACD dead cross continue to increase the downward volume, and BOLL overall continues to weaken, with the entire track opening; on the main chart, the MA5 and MA10 moving averages continue to suppress downward, and the increase of the MA30 moving average has slightly weakened (now we are waiting for the MA30 to link with the bearish trend). Additionally, everyone should note that the coin price has also produced a slight gap with MA5, so in the ultra-short term (that is, in the evening), there is likely to be a slight rebound in sentiment, but the intensity is expected to not be too strong.

At the 4-hour short-term level, the most important thing in the 4-hour chart is to focus on the TD indicator. Currently, Ethereum and Bitcoin have one stabilizing at TD9 and the other appearing at TD13, both of which indicate that a technical adjustment is needed in the short term. This completely coincides with the gap repair of the daily and 12-hour charts, so in the ultra-short term, I personally believe the market will experience a slight rebound (this rebound is the TD suit of the 4-hour line and the gap repair of the 12-hour and daily lines, and remember that the intensity is expected not to be too strong).

Summary: I personally expect that today the intraday short-term market will experience a slight rebound repair sentiment (note that the intensity is expected not to be too strong), with the high point likely rebounding in the area around 3800-3750. Note that as long as the rebound intensity cannot effectively break through 3750.