Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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 improve 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 the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.8 Ethereum (ETH) Market Analysis Reference

Yesterday's Ethereum market also showed weak fluctuations. In the early hours, it touched a low of 4270 and rebounded. The support level from yesterday was not broken, but the upward momentum has weakened. This indicates that both bulls and bears are in a stalemate, currently hovering within a range without breaking out. It is expected that the fluctuations will continue for some time.

4-hour level: Recently, a long lower shadow has appeared (such as the low of 4236 on September 7 at 00:00), indicating strong buying support below 4300. The current price is stable at the 4300 level but has not broken through the previous high of 4329. Daily level: After the long upper shadow at the high of 4490 on September 5, there has been a continuous pullback, forming a "Dark Cloud Cover" pattern. It is currently in a range of 4300-4350. MACD: The 4-hour level shows a golden cross of DIF and DEA below the zero axis (latest values -19.1/-22.3), but there is a death cross at the daily level (44.1/94.6), indicating a clear divergence between short-term bullish and long-term bearish. EMA: The price is under pressure from the 4-hour EMA30 (4328) and EMA120 (4360), with the short-term 7/30-day moving averages converging (4299/4328), waiting for a breakout. The strategy is to go short at high prices and long at low prices. Pay attention to the resistance near 4420 above and the support near 4230 below.

9.8 Ethereum Short-term Reference:

Short at 4370-4430 with a stop loss of 30 points, targeting below 4320.

Long at 4250-4201 with a stop loss of 30 points, targeting above 4300.

There may be delays in article posting, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss effectively. 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 people each day can receive free exit strategies.

For more real-time trades, 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 in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article posting, risks are self-borne, and it is important to control positions 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 pushing. 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, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism allowed, respect originality!

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