In the early hours of today, the price of Ethereum dipped to around 3670, then began to rise with fluctuations. From an experiential perspective, the early morning drop is likely a signal from the market makers to induce short positions. Currently, the price has returned above 3860, and the chips continue to push higher. I personally believe that after the market makers complete their accumulation and shakeout, the price is likely to make another upward surge. However, I would like to remind everyone that in front of the absolute control of the market makers, technical analysis can only assist and cannot be completely accurate.

Returning to the market situation, from the daily technical indicators, the KDJ indicator shows an upward crossing, while the MACD indicator is in a slow bullish expansion phase. The BOLL indicator is running near the middle band again, with the price closely touching the upper band and showing slight opening signs. Currently, the price is steadily above the five-day moving average, and the low point of the 30-day moving average is continuously rising. Based solely on the daily chart, it is highly likely that the price will experience a volatile upward movement today.

From the four-hour technical indicators, the KDJ and MACD indicators are showing a golden cross and are strengthening. The DIF and DEA indicators are moving upward in tandem, while the RSI indicator is slowly rising. Currently, both Ethereum and Bitcoin are stabilizing at the green TD3 upward signal, and the short-term three-day moving averages are arranged in a bullish pattern. Considering both the daily and short-term perspectives, I personally expect that the midday trend today will likely be dominated by a volatile upward movement.

Ethereum: Long positions near 3870-3835, Stop loss: 3806, Target: 3950-3980

Bitcoin: Long positions near 118500-117800, Stop loss: 116700, Target: 120000

The above is my personal analysis of the midday market. Specific points and directional changes are subject to real-time guidance.

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