Li Shengting: Ethereum Market Analysis on December 11
Today, Ethereum continues to show a downward trend, with the lowest point dropping to around 3545. From the daily technical indicators, the KDJ and MACD indicators still show a death cross downward pressure, while selling sentiment has significantly increased. Additionally, in the BOLL indicators, the coin price is stabilizing near the lower band and showing a slight downward opening. The MA5 and MA10 moving averages continue to suppress the bullish rebound strength of Ethereum, and currently, the coin price has fallen below the MA30 moving average. If the MA30 moving average interacts with the bears to increase volume, the subsequent coin price will head straight for the area around 3421-3176.
Bitcoin is also experiencing a downward trend today, failing to stabilize above 98,000. Overall, there may be a risk of a pullback after a high, and regarding the price movement in the early morning, I still expect a volatile downward trend.
The above is my personal market analysis for the early morning, for reference only. #微软比特币投资投票案 #BTC #ETH $ETH
