ETH December 9 Market Analysis

From a daily perspective, today's KDJ and MACD indicators continue to oscillate upward, and the upper Bollinger Band is slightly widening; regarding the main chart, today's coin price closed above the three-day moving averages, and the MA5 and MA10 moving averages continue to oscillate upward. Overall, we still expect a main trend of upward oscillation in the short term today, with the basic analytical approach consistent with yesterday's.

From a 12-hour perspective, the KDJ, MACD, and Bollinger Band indicators are overall oscillating sideways with a slight upward trend; the main chart MA5 and MA30 are also continuing to oscillate upward. From a technical review, yesterday's Ethereum price was still above the MA5 and MA10 moving averages, which indicates that the market is still testing the strength of the support below. Therefore, we continue to expect a main trend of upward oscillation in the short term today.

Summary: I personally expect today's overall trend for Ethereum to still be mainly sideways oscillating upwards, with the key resistance level still referring to the 3410-3500 range. The following content is consistent with yesterday's analysis: "For the trend line, this rise stems from the weekly chart, and whether it can resonate with the monthly chart gap repair mainly depends on whether the 3410-3500 area can be effectively broken through. If successful, Ethereum will head towards the MA5 on the monthly chart (approximately priced around 3750-3800); conversely, if the breakout fails, it means this rise is a normal rebound and accumulation within the downward box (in simpler terms, if it cannot successfully stand above the 3410-3500 area, Ethereum will continue to decline in volume thereafter)."

The above is my personal daily market analysis for reference only.