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 increase the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.23 Ethereum (ETH) Market Analysis Reference

Ethereum fell nearly 400 points yesterday, with a low spike touching the 4077 position before rebounding. The previous gains have all been given back, and the current price is rebounding around the 4170 position, with the trend in a phase of repair and consolidation. Focus on the support at the 4100 line; if it breaks below during the day, the correction is expected to continue.

From the short-term hourly chart, the trend is in the middle-lower track area, with the short-term market maintaining low-level fluctuations, slowly moving downwards. If the short-term support breaks, the trend is expected to continue downward. Mr. Coin advises all cryptocurrency friends to prepare in advance. Due to the strong decline yesterday, the short-term price volatility is significant, so everyone must pay attention to risk control in their operations. The current strategy is to focus on short positions during rebounds and support long positions during corrections, following the trend with short positions if the price breaks. The upper resistance to watch is at the 4260 line, and the lower support is at 4080. If it breaks below the 4100 line, consider going short, with a take-profit target of 30-40 points.

9.23 Ethereum Short-term Reference:

Light short at 4230-4280, stop loss 30 points, target below 4190,

Long at 4081-4031, stop loss 30 points, target above 4150,

There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, always set take-profit and stop-loss levels. For more real-time strategies and online technical learning, follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free strategies for resolving positions.

For more real-time strategies daily, you can follow my public account for online technical learning, resolving positions, 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 views, there may be delays in article posting, risks are self-borne, control your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding lightly. 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 from the cryptocurrency circle, refusing to plagiarize and respecting originality!

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