#加密市场盘整 ETH December 25th Early Morning Market Analysis

Short-term situation changes, the daily K-line price stabilizes above the five-day moving average, the weekly K-line may continue to fill the gap, short-term low-level bears should pay attention to risks! Currently, Ethereum is in the rising phase, as for whether to sell later, we will have to judge based on whether the upper pressure can be effectively broken through (weekly line and five-day line MA5). The performance of Bitcoin in the evening is also relatively strong, this price has once again reached above ninety-seven thousand, it looks like it is preparing to rush to one hundred thousand.

On the daily line, today overall belongs to the shrinking volume rising phase, KDJ bears show shrinking volume, while the three lines are turning upwards. Additionally, the main chart price is stable above the MA5 daily moving average (today it formed a red TD1, initially thought it would drop below the five-day moving average, but did not expect the buying sentiment in the evening to be too high, currently it seems to indicate a quick repair of the weekly gap). The key point now is to see whether the weekly MA5 and five-day MA5 can be effectively broken through. If successfully broken and stabilized, then Ethereum and Bitcoin will once again welcome a new wave of strong sentiment (the high point will continue to aggressively attack the new high area for the year); conversely, if the weekly and five-day MA5 do not break, then everyone should pay attention to Ethereum's high-selling sentiment (in simple terms, be careful of a sharp drop).

On the 12-hour level, the closing price at eight o'clock in the evening is once again standing above the five-day moving average, and with a green TD3, it continues to strengthen with increasing volume. The trading volume shows that it currently belongs to a shrinking volume rising phase (this situation indicates an increase in short-seller profit-taking, and in the early morning short term, we follow the market to see the weekly level gap repair).

Summary: The short-term mindset in the early morning has shifted to focus on rising and repairing the weekly level gap (actual miners and iron powder and other small skirts have already notified to reverse), the strong resistance at the high point is around the 3650-3740 area.

Friendly reminder: The weekly and five-day lines are currently undergoing technical rebound adjustments, as for whether this round of movement is a rise followed by selling or purely a bullish pullback, the key point is whether the 3650-3740 area can be effectively broken through.

If successfully broken and stabilized, then the subsequent price will once again significantly increase, heading straight for the new high of the year; conversely, if the 3650-3740 area cannot be effectively broken through for a long time, then everyone should be cautious of the large-level high and pullback reminded earlier this week.