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 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.

11.7 Ethereum (ETH) Market Analysis Reference

Ethereum is also affected by the overall market today, breaking below the 3400 level and currently trading at a low of 3243. The overall trend appears weak, and the subsequent rebound lacks strength, failing to break through the upper resistance area, maintaining a weak oscillation.

On the short-term hourly chart, three consecutive bearish candles have broken below the EMA7 (3351), indicating a weakening short-term trend. Additionally, a clear selling pressure area has formed near the 3450 high from yesterday. After recording a long lower shadow bullish candle on November 5 (range 3163-3479), the daily chart has failed to continue the rebound, with the current price consistently under pressure below the daily EMA7 (3547), and the mid-term pattern is still dominated by bears. In terms of technical indicators, the 4-hour MACD shows the DIF and DEA flattening below the zero axis, while the daily MACD histogram continues to shrink. Short-term downward momentum has weakened but has not yet shown a reversal signal; in the moving average system, the price is simultaneously constrained by the dual pressure of the 4-hour EMA30 (3510) and the daily EMA7 (3547), while the 120-day moving average (3803) constitutes long-term pressure. The market is under pressure and entering a weak oscillation rhythm, so I hope all cryptocurrency friends are prepared in advance. In terms of operations, it is prudent to maintain a focus on short positions during rebounds, with long positions as a supplement.

11.7 Ethereum Short-term Reference:

Short sell lightly at 3415-3475, stop loss 30 points, target below 3370,

Long buy at 3261-3211, stop loss 30 points, target above 3320,

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, 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 Discusses Cryptocurrency) for access. The first ten daily followers can receive free exit strategy advice.

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 extensively in the U.S., primarily analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, article posting may be delayed, risks are self-borne, and it is important to manage positions reasonably. Do not operate with 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 well, and be ready to set off at any time. Let's go!

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

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