Review on December 19: Yesterday, the overall trend was a sideways consolidation with oscillations, staying within the MA5 and MA10 range. Looking at the 1-hour indicator, the Bollinger Bands are opening downward, corresponding to the range of 2994-2936. The middle band is trending upward, corresponding to a price of 2965, with ETH at approximately 2975. Moving average indicators: Currently, ETH's price is consolidating within the MA5 and MA10 range, corresponding to 2978-2973. The 30-day moving average is trending upward at approximately 2926. The 60-day moving average is trending upward at approximately 2892. The 120-day moving average is trending downward at approximately 2937. The 240-day moving average is trending downward at approximately 3060. The 360-day moving average is trending downward at approximately 3074. MACD: Positioned above the zero line. Bullish volume is gradually decreasing, with the two lines forming a death cross and trending downward. RSI: 39-30. The two lines are trending downward, currently in a normal trading phase, but there is a continued downward trend indicating an oversold stage. Resistance levels: 2992-3018-3146 Support levels: 2730-2675-2622 ETH Direction: Today mainly enters a sideways high-level oscillation and consolidation phase. Summary: High-altitude trading strategy: Not provided for now. Low-buy strategy: Long position at 2730, add at 2675. First take-profit point for high-altitude short: First take-profit point for low-buy: 2992. Second at 3018.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
ETH
Review on December 19: Yesterday, the overall trend was a sideways consolidation with oscillations, staying within the MA5 and MA10 range.
Looking at the 1-hour indicator, the Bollinger Bands are opening downward, corresponding to the range of 2994-2936. The middle band is trending upward, corresponding to a price of 2965, with ETH at approximately 2975.
Moving average indicators:
Currently, ETH's price is consolidating within the MA5 and MA10 range, corresponding to 2978-2973.
The 30-day moving average is trending upward at approximately 2926.
The 60-day moving average is trending upward at approximately 2892.
The 120-day moving average is trending downward at approximately 2937.
The 240-day moving average is trending downward at approximately 3060.
The 360-day moving average is trending downward at approximately 3074.
MACD: Positioned above the zero line. Bullish volume is gradually decreasing, with the two lines forming a death cross and trending downward.
RSI: 39-30. The two lines are trending downward, currently in a normal trading phase, but there is a continued downward trend indicating an oversold stage.
Resistance levels: 2992-3018-3146
Support levels: 2730-2675-2622
ETH Direction: Today mainly enters a sideways high-level oscillation and consolidation phase.
Summary:
High-altitude trading strategy: Not provided for now.
Low-buy strategy: Long position at 2730, add at 2675.
First take-profit point for high-altitude short:
First take-profit point for low-buy: 2992. Second at 3018.