#MarketRebound ETH Price Analysis on the Morning of December 25

The short-term situation has changed, the opening price is holding at the five-day moving trend line, and the weekly gap correction continues. Short-term armies should be aware of the risks! Ethereum is now being pulled back, and we now have to assess whether we should sell in the future based on whether the upper pressure can be effectively broken (the MA5 of the weekly chart and the five-day moving line). Bitcoin also performed strongly in the evening, reaching above 97,000 again, and it seems ready to reach 100,000 again.

In daily terms, the current stage is witnessing an increase in volume with tight trading. The KDJ indicator shows a bearish trend with shrinking volume, while the three lines are rising. In addition, the price of the major currency remains stable above the 5-day moving average line (the red TD1 pattern was formed today, I thought it would drop below the 5-day moving average line, but I did not expect such high buying enthusiasm in the evening. At the moment, it seems that there is a somewhat rapid correction of the previous week’s gap). The important point now is whether the weekly moving average line and the 5-day moving average line can effectively cross. $ETH