12.16 Ethereum Market Insights

In the recently concluded weekend, the Ethereum market exhibited a trend of fluctuating adjustments. From a technical structural perspective, the daily chart ultimately closed with a medium bullish candle, a formation that lays the groundwork for the subsequent market direction.

Delving into the four-hour chart, the Bollinger Bands show a slight upward opening, while the K-line is steadily operating near the upper Bollinger Band, demonstrating a certain upward momentum. Meanwhile, the MACD indicator’s dual lines exhibit a trend of crossing and extending upwards, with bullish energy bars continuing to expand, further reinforcing the bullish advantage.

Focusing again on the one-hour chart, the Bollinger Bands also maintain an open pattern, with the K-line fluctuating near the upper band. The MACD dual lines are crossing upwards, and the bullish energy bars continue to grow.

However, despite the current strong bullish atmosphere, the market is ever-changing, with risks and opportunities coexisting. Considering various factors comprehensively, the intraday trading strategy suggests prioritizing a high short strategy, while closely monitoring the strength of price pullbacks, seizing opportunities for low longs as appropriate.