Li Shengting: 12.13 Ethereum Midday Market Analysis and Trading Strategy
This morning, Ethereum experienced a slight adjustment, with the lowest point reaching around 3835. Currently, the Ethereum price is hovering around 3875. From the current perspective, the decline in the early hours did not effectively break below the support level, which indicates that the bottom's chips are relatively strong. Over the past two days, Ethereum's upward momentum has been significantly stronger than Bitcoin's, suggesting that chips are slowly flowing into Ethereum.
From the daily technical indicators for Ethereum, the KDJ and MACD indicators are in a resonant upward phase. The Bollinger Bands indicator shows that the price is gradually moving towards the middle band, and the upward momentum is continuously strengthening. The MA30-day moving average remains in a strengthening state, while the MA10-day moving average shows clear upward signs and has produced a green TD1 bullish signal.
From the 4-hour technical indicators, the KDJ indicator is showing a golden cross and strengthening. The Bollinger Bands indicator is also in a resonant upward phase. The ultra-short MA5 and MA10 moving averages are resonating upwards, while the ultra-short TD indicators are showing a green TD4 bullish arrangement. Therefore, for today’s midday and evening trading strategy, it is recommended to focus on buying on dips.
Ethereum: Buy near 3880-3865 with divided positions. Stop loss: 3827. Target: 3950-4000.
Bitcoin: Buy near 99900-99300 with divided positions. Stop loss: 98600. Target: 100700-101800#BTC重回关键位置后走势 #BTC #ETH $ETH
