The long position for Ethereum publicly laid out on Saturday around 3890-3860 has once again reached the expected target area. This morning, the coin price peaked slightly above 4000, successfully reaching the target point we provided near 4000, achieving a gain of over 140 points.

Li Shengting: Ethereum Market Analysis and Trading Ideas for December 15th

In the early hours today, Ethereum was in a state of sideways movement. For short-term trading, it is still recommended to focus on buying on dips. From the daily technical indicators, the KDJ indicator shows a golden cross and is rising, while the MACD indicator is in a bearish contraction state. The BOLL indicator shows signs of upward movement. The 30-day moving average (MA30) on the daily level is strengthening the upward momentum, and the 5-day moving average (MA5) and the 10-day moving average (MA10) are in a resonant upward phase. Overall, the upward trend is quite obvious.

From the 4-hour technical indicators, the KDJ indicator shows a golden cross and is rising, the BOLL indicator is continuously strengthening, and the ultra-short-term 3-day moving average is resonating upwards to varying degrees. Currently, the short-term coin price is firmly above the MA5 moving average and shows a green TD6 bullish pattern. Overall, the upward trend is quite clear, but trading volume and turnover have decreased over the weekend, affecting short-term movements. Therefore, the trading idea for the early hours remains unchanged, with a recommendation to focus on buying on dips.

Ethereum: Buy in the range of 3890-3860 Stop Loss: 3817 Target: 3960-4000 65410831654#BTC 81689442278559480014241 09729015665 39599550071