Li Shengting: Ethereum Market Analysis and Trading Ideas for 12.7

The short-term trend in the early hours of today is still in line with my personal expectations. Bitcoin has once again surged past the 100,000 mark, but the ultra-short-term has not stabilized at this level. Currently, Bitcoin is still experiencing narrow-range fluctuations around 100,000. Ethereum, on the other hand, is still undergoing adjustments around 4,000. If the above resistance level can stabilize, the price will likely have further room for increase; conversely, if it cannot stabilize at the resistance level, then a deeper pullback will follow.

From a technical indicator perspective, both the daily and weekly indicators show a green TD9, but it is important to note that the price is gapped with the daily chart. Therefore, from a technical standpoint, the price may lean towards a pullback during the weekend. From the KDJ technical indicator and trading volume, today's volume is not very strong. The BOLL technical indicator is still in a strengthening state, but currently, the price is closely touching the upper track area, indicating that short-term upward potential is somewhat limited.

From the 4-hour technical indicators, the KDJ indicator, MACD indicator, and BOLL indicator continue to maintain a bullish resonance, but the BOLL indicator shows signs of breaking down. Currently, the trading volume has formed a small bearish bar, and the current price has a gap with the MA5 moving average. Therefore, in the short term, Ethereum is likely to undergo technical adjustments below 4,000. Personally, I expect that the price will likely trend towards a downward fluctuation within the day.

The above is my personal market analysis for the afternoon, for everyone's reference.