Cryptocurrency trading is a long-term plan, not something that can be achieved 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 suggests that all cryptocurrency friends should learn while trading, summarizing both profits 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.

11.1 Ethereum (ETH) Market Analysis Reference

Ethereum's intraday trend touched the low around 3680 and rebounded. Subsequently, it broke through and tested the 3900 area multiple times, with the market recovering and showing a slight rebound, but unfortunately, it did not break through the resistance area further. Currently, it is operating at the 3850 position, with a short-term stalemate between bulls and bears. However, the intraday market is leaning towards a downward trend, and the price increase has been blocked and retreated, so it is not recommended to blindly chase long positions. Be cautious of price pressure leading to a decline in the future.

On the short-term hourly chart, the lower Bollinger Band is gradually flattening and converging. After a series of bearish candles, a rebound occurred, but it failed to break through the 3900 round number, forming a short-term resistance level. The daily chart has shown a long lower shadow for four consecutive days, indicating strong buying support below 3800. The hourly level has formed a narrow fluctuation range of 3850-3890, with the current price at the lower edge of the range. The 4-hour level shows that the DIF and DEA are flattening below the zero axis, with a golden cross signal appearing. The daily MACD histogram is continuously shrinking, and the price continues to operate below EMA120 (4003). EMA7 (3855) is about to cross below EMA30 (3922), forming a death cross. Currently, the market is hindered by the middle regulation and is slowly moving downwards, with the rebound strength gradually weakening. The short-term trend is relatively flat compared to before, and the market is currently in a stage of oscillation and repair. In terms of operations, it is advisable to wait for a rebound to enter at high positions. The upper resistance to watch is 3915-3930, and the lower support to watch is 3760. If the price breaks below, there is a possibility of further moving towards 3300.

11.1 Short-term Reference for Ethereum:

Short test at 3885-3930 for light shorts, stop loss 30 points, target below 3820.

Long test at 3761-3711 for longs, stop loss 30 points, target above 3800.

There may be a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, stop-loss and take-profit must be well managed. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategies.

For more real-time trades daily, you can follow my public account to get 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 not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be a delay in sending the article, risks are self-borne, and it is important to reasonably control positions when trading. 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 an 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. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize and respecting originality!

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