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 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 increase 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.

6.13 Mr. Coin's Analysis of Ethereum Market Trends

In terms of Ethereum, the daily chart also shows a large bearish candle at the end. The intraday trend has broken below the previous support at 2650, and the price is continuously testing lower levels. It has now reached the 2650 level, which is the support position mentioned by Mr. Coin yesterday. If one wants to take a medium to long-term position, it is currently advisable to enter with a light position. However, for short-term trading, based on the current trend, I personally still recommend shorting on rebounds, as following the breakout would be more prudent.

Looking at the short-term hourly chart, after breaking down, Ethereum's pullback strength is relatively strong. The 4-hour chart shows that the current trend has eight consecutive bearish candles, with short positions dominating in the short term. All moving averages are in a bearish arrangement, indicating a trend of continued decline. The current trend is leaning towards downward movement, so Mr. Coin suggests primarily shorting in line with the trend. Key support to watch below is the 2580 daily Bollinger Bands; if it breaks below this level, one can follow the trend to short, aiming for a profit of around 30-50 points. The resistance above to watch is near the 2745 level, and if there is a subsequent rebound, consider entering short positions.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten each day can receive free exit strategies.

6.13 Short-term Reference for Ethereum:

Lower entry point 2725-2755, stop loss at 2850, stop loss: 50, target below 2680,

Upper entry point 2605-2575, stop loss 30 points, target above 2630,

There may be delays in article delivery; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten each day can receive free exit strategies.

For more real-time trading, 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 circle, 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 opinions, there may be delays in article delivery, 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 to keep pushing. 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, sharpen your skills, 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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