Cryptocurrency trading is a long-term plan; it is not about achieving results overnight, 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 improve 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.
10.25 Ethereum (ETH) Market Analysis Reference
The Ethereum market is also under pressure and has retraced, facing resistance near the 4030 level. The current price has pulled back to around 3900, with a focus on the 3860 support level. If the price falls below this area, it would indicate that the downward fluctuation will continue.
On the 4-hour chart, after forming a long lower shadow at the 3860 bottom, the price quickly rebounded to 3930, with short-term support near 3860. However, the selling pressure around 4030 is evident, causing the price to face key resistance in the 3970-4010 range. The daily chart shows that although there have been two consecutive days of bullish closes, the upper shadow on the candlestick is significant, indicating strong resistance above 4000 points in the short term. The overall structure is in a retracement and rebound phase following the large bullish candlestick on October 21 (3852-4085). From a technical indicator perspective, the 4-hour MACD's DIF (-3.59) has crossed above the DEA (-14.25), forming a bullish crossover signal; the daily MACD green bars continue to shrink (-22.29) but are still operating below the zero axis, indicating weakened short-term rebound momentum. In the moving average system, the price is currently above the 4-hour EMA7 (3906.8) but is constrained by the EMA120 (4039); the 1-hour level shows a bullish arrangement of EMA7>30>120 (3915>3907>3904), providing some support for the short-term trend. Overall, if the price cannot effectively break and hold above the 4000 level during the day, the overall trend will still be weak or continue to fluctuate within a range. For subsequent short-term operations, it is recommended to focus on short positions during rebounds. The upper resistance to watch is in the 3980-4030 range, while the range for continued fluctuations is 3820-3960, with a strategy of shorting high and buying low.
10.25 Ethereum Short-term Reference:
Short sell lightly in the 3965-4030 range, with a stop loss of 30 points and a target below 3900.
Long buy in the 3861-3811 range, with a stop loss of 30 points and a target above 3910.
There may be delays in the article's release; 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 levels properly to secure gains.
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Exclusive opinions; there may be delays in the article's release. Risks are borne by the individual. Manage 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. 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 diligently, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin in the cryptocurrency circle. No plagiarism, respect originality!
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