Li Shengting: Ethereum Market Analysis and Trading Ideas for 12.7
Today, Ethereum successfully broke through the 4000 mark. Currently, it seems that Ethereum stabilizing around 4000 will lead to a new round of pullback, and it will not immediately stabilize. In the ultra-short term, it is highly likely that there will be range-bound fluctuations around 4000. From the daily technical indicators, Ethereum's bullish trend remains strong, with all technical indicators maintaining bullish resonance, especially the three-day line showing a particularly obvious strength. Therefore, from an ultra-short perspective, the range around 4040 is unlikely to be the high point for this time. As for the price movement during the early hours, it is highly likely that there will be a technical adjustment pullback, while the chips will shift to Bitcoin to launch a new round of assault on the 100,000 mark.
From the 4-hour technical indicators, the KDJ indicator is in a high-level fluctuation, while the trading volume has significantly decreased, which also indicates that the buying chips are gradually reducing. Ethereum is highly likely to fluctuate around 4000 during the early hours or undergo a technical pullback adjustment, but the intensity will not be too strong, roughly in the range of 3960-3900. Additionally, because the replenishment trend of Ethereum has not yet fully played out, once the subsequent price stabilizes at the 4000 mark, Ethereum will launch an assault on the high point around 4150-4320. Furthermore, it is highly likely that it won't surge up during the early hours, so there is no overhead pressure. Bitcoin is also likely to challenge the 100,000 mark during the early hours, as Bitcoin rose by 2.1% during the day, making it hopeful to challenge 100,000.
The above is my personal analysis of the early hours' market, for your reference only. #比特币反攻99K #以太坊领涨 $ETH #BTC #ETH
