ETH December 17 Market Analysis:

The daily and 12-hour charts are strong, it is advisable to buy on short-term pullbacks.

1. Daily Level Analysis

Technical changes are minimal, with strong mainstream support, showing that when someone sells, someone else buys. MA30 and BOLL are moving upward in resonance, with the increase of MA30 strengthening, and the BOLL upper band continues to widen, indicating that the short-term rise is not over.

MA5 and MA10 continue to converge and rise, with KDJ and trading volume in the secondary chart showing strength and activity. It is recommended to look bullish on short-term low buys during the day.

2. 12-Hour Level Analysis

A convergence upward change appears in the middle of MACD, and BOLL shows the price of the currency strongly rising towards the upper band.

In the main chart, the MA three-day moving averages are in a bullish arrangement, and the price stands at the green TD4 connection of the MA three-day moving averages, reflecting Ethereum's strength and vitality.

3. Operation Suggestions and Market Judgment

For short-term operations, it is advisable to focus on buying on pullbacks. The next high point for Ethereum is expected to be in the 4170 - 4390 range, while Bitcoin's next high point is in the 110,000 - 120,000 range.

Retail investors' bullish sentiment is declining, but the major players are still protecting the market. It either doesn't fall, or if it does, it will be a significant drop to cleanse the market. Currently, there are no signs of mainstream collapse in the support power, so short-term buying on pullbacks is still recommended.

If you can't find direction in the crypto space and don't know which coins to buy, follow the introduction to find me, and I will share more information and strategies related to the crypto space for free. #ETH再度冲击4K