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 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 profits 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.

11.17 Ethereum Market Analysis Reference

After a rebound during the day, Ethereum has once again declined, currently trading around the 3100 level. The short-term market is breaking down again, refreshing previous lows. In the hourly chart, the price fell from 3249 to 3026, then rebounded to 3107.55, forming a short-term bottoming structure. On the daily chart, although a long lower shadow was formed on November 14 (range 3070—3256.71), indicating some support at lower levels, the rebound momentum could not be sustained for the next two trading days, showing an overall weak consolidation pattern.

From a technical indicator perspective, the 4-hour MACD shows that the DIF (-68.4) is still below the zero line and tends to flatten, reflecting that the short-term downward momentum has slowed but has not reversed. The daily MACD histogram has been negative for 30 consecutive days, with bearish forces still dominating. In terms of the moving average system, the current price continues to operate below the EMA30 (3247.79), and the 7-day moving average (3138.39) has crossed below the 30-day line, forming a death cross, further confirming a bearish trend in the mid to short term. Cryptocurrency friends should prepare in advance. The upper resistance is at the 3230 level, while the lower support is at the 3000 level.

11.17 Ethereum Short-term Strategy Reference:

Short sell at 3315-3275 with a stop loss of 30 points, target below 3200.

Long buy at 3061-3011 with a stop loss of 30 points, target above 3120.

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, it is essential to manage take-profit and stop-loss levels properly. Secure your profits. For more real-time trading strategies and online technical learning, as well as ways to exit positions, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency). The first ten daily followers can receive free strategies for exiting positions.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Cryptocurrency) to access online market technical learning and exit strategies. 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 cryptocurrencies. I welcome cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, article posting may be delayed, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. 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, no plagiarism, respect originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。