ETH December 13 Market Analysis
From a daily perspective, today's KDJ has formed a dead cross and is moving downwards, while the MACD bullish momentum is shrinking. However, both the DIF and DEA are still slightly moving upwards. In terms of BOLL, it continues to move north; the main chart's MA5 and MA10 moving averages are oscillating downwards, and the MA30 moving average is continuously weakening. However, today's coin price has created a gap with the five-day moving average, so a slight rebound for short-term trading is expected to restore sentiment, though the intensity is likely to be weak, with the high point around the MA5 moving average.
From a 12-hour perspective, the current MACD and KDJ are resonating downwards with a dead cross, and BOLL is generally oscillating upwards; the main chart's MA5 and MA10 moving averages are pressing downwards, but the MA30 has not followed suit, and the indicators are still moving upwards. This indicates that there is key support below in the short term, and the market is not fluctuating much over the weekend, so a brief technical correction is expected during the day.
Summary: I personally expect the overall Ethereum trend today to oscillate sideways with a slight rebound for correction, and the intensity is likely to be weak, with resistance around the daily MA5 moving average (approximately in the 3170-3220 range).
For the short term today, we will stop here; we can discuss further tomorrow. The weekend fluctuations are not too significant, so remember to be rational!!
The above is my personal daily market analysis for reference only. $BTC $ETH
