Li Shengting: 12.23 Ethereum Evening Market Analysis
This morning, Ethereum is still in a phase of oscillating downward movement, consistent with the analysis provided earlier today. I believe those who have followed the article should have gained some insights. From the daily technical indicators, both KDJ and MACD indicators remain in a weakening oscillation phase, but the lower boundary area has slightly risen. Meanwhile, the decline of the MA5-day moving average has weakened. Although there are signs of downward movement in the indicators, the MA10-day moving average has not correlated with the bearish trend to increase volume. Currently, the coin price has a gap with the MA5-day moving average, and I estimate that this gap will be filled within the week.
From the 4-hour technical indicators, KDJ, MACD, and BOLL three lines continue to resonate downward, with BOLL showing the strongest decline and the lower boundary continuing to open. In terms of the main chart, the MA three-day moving averages continue to be arranged bearishly and are declining (compared to the daily and 4-hour charts, the bearish sentiment and technical pressure on the 4-hour chart are greater than on the daily chart). Therefore, based on the technical hints provided by the 4-hour chart, please pay attention to the moment when the MA5's pressure on the 4-hour chart eases or when the coin price drops to the lower boundary of BOLL. If the coin price remains close to the lower boundary for a long time (similar to the current state of the daily coin price relative to the lower boundary of BOLL), one can consider gradually taking small long positions at lower levels.
The above is my personal evening market analysis, for your reference only #圣诞行情分析 $ETH
