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 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.

11.20 Ethereum Market Analysis Reference

The Ethereum trend is also experiencing a high and then a pullback. Currently, it has slightly broken below the 2900 mark, and the trend still poses risks of slow rises and quick drops with support. I hope all cryptocurrency friends can prepare in advance. The short-term trend continues to show a downward fluctuation, so our strategy is mainly to short on rebounds.

From the daily chart perspective, on November 19, a large bearish candle with a significant body and a short lower shadow was formed, clearly indicating strong bearish power dominating the market. Technical indicators further confirm this weak pattern: First, in the MACD indicator, both DIF and DEA continue to operate below the zero axis (current values are -230.92 and -201.90, respectively), and the negative histogram is expanding (-58.04), showing that bearish momentum is still increasing; secondly, in terms of the moving average system, the price has consecutively broken below all key EMA moving averages (including the 7-day, 30-day, and 120-day), and the short-term EMA7 (3106.97) has crossed below the mid-term EMA30 (3497.10), forming a classic death cross signal of bearish arrangement, which collectively confirms that the current market is in a clear bearish trend. The upper resistance is at the 3100 level, while the lower support is at the 2860 level.

11.19 Ethereum Short-term Strategy Reference:

Short at 3115-3175 with a stop loss of 30 points, targeting below 3080.

Long at 2881-2811 with a stop loss of 30 points, targeting above 2960 (currently holding a light position at 2887).

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure profits. For more real-time strategies and online technical learning, as well as ways to exit positions, you can follow the mentor's public account (Mr. Coin Discusses Currency). The first ten daily followers can receive free strategies for exiting positions.

For more daily real-time strategies, you can follow the public account (Mr. Coin Discusses Currency) 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 extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, with delays in article posting, risks are self-borne. Control your positions reasonably when trading, 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 current 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 circle, refusing plagiarism and respecting originality!

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