$ETH ETH January 5th Intraday Market Analysis
The weekend market is still leaning towards consolidation, with relatively low trading volume. From early morning until this morning, the price has remained within the short-term resistance zone, undergoing adjustments. Therefore, today's intraday analysis is generally consistent with the early morning analysis.
From a daily chart perspective, today's KDJ and MACD golden cross continue to oscillate and increase in volume; in the main chart, the MA5 and MA10 daily moving averages continue to cross upward. However, there has been a slight gap between the intraday coin price and the five-day moving average, indicating a small technical pullback adjustment may occur. Subsequently, the overall intraday trend still leans towards oscillation with slight upward movement (as long as the intraday price stabilizes in the 3600-3650 range or above, the overall market will begin to activate next week).
From a 12-hour perspective, the current KDJ, MACD, and BOLL continue to resonate upward at the 12-hour level. Note that although the upper Bollinger Band has opened, the prolonged adherence of the coin price indicates insufficient upward space; the MA of the three-day moving averages in the main chart continues to align upward. Overall, for today's intraday short-term outlook, I still see a bullish trend, and the short-term strategy remains to buy on dips.
Summary: For today's intraday short-term strategy, I still suggest buying on dips. The intraday trading volume won't be too strong, so everyone should view the market rationally. Regarding next week's trend, as long as today's Ethereum price stabilizes in the 3600-3650 range or above the resistance level, the overall market will begin to activate next week (the probability of activating after stabilizing above the resistance level is higher than that of stabilizing within the resistance area).
The next key high point target is still referenced around the 4116-3972 area.
