Cryptocurrency trading is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

6.23 Mr. Coin's Analysis Reference for Ethereum (ETH)

Ethereum has also shown strong downward movement today, breaking below the 2200 mark and touching a low near 2110 before rebounding. The current price is around 2185, and the short-term rebound strength is not strong. If it cannot break through the short-term resistance at 2260, there is a possibility of a pullback to the day's low. I hope all cryptocurrency friends are prepared in advance.

A large bearish candle has appeared on the 4-hour chart, with an entity length of 116.79 points, accompanied by an increase in trading volume to 290,000, confirming a short-term top formation. The daily line has closed with three consecutive bearish candles, with a cumulative decline of over 15%, forming a descending three crows pattern. MACD: The 4-hour DIF and DEA have both broken below the zero line (currently -86.58/-63.86), and the daily histogram has accelerated to -104.03. EMA: The price has fallen below all key EMAs (7/30/120), and the 4-hour level shows a bearish arrangement (2241<2394<2509). The Ethereum market is biased towards downward movement today, with weak short-term rebound strength and no reversal signals, so the main strategy remains to short. The upper resistance is at 2230, followed by 2283.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

6.23 Short-term Reference for Ethereum:

Lower entry point 2205-2275, defend at 2400, stop loss: 50, target below 2150,

Upper entry point 2105-2055, stop loss 30 points, target above 2200,

There may be delays in article delivery; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, article delivery may be delayed, risks are self-borne, and it is important to manage your position reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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