Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

7.4 Mr. Coin's Analysis of Ethereum (ETH) Market Trends

Yesterday, Ethereum continued to rise, maintaining a fluctuating upward trend. The price retraced to the 2555 level and rebounded, facing resistance at the high of 2635. It did not break this level again, but the upward momentum was not strong, and the trend has entered a high-level consolidation phase.

From the daily chart, bullish sentiment continues to warm up. Currently, since the 2660 level has not been broken, the market has entered a retracement phase again. However, the overall upward trend has not changed, and there is still a possibility of breaking out during the day. Key support to watch is the 2500 level; as long as this area is not broken during the retracement, the short-term upward trend will not change.

On the short-term hourly chart, the Bollinger Bands are narrowing. Due to several upward tests of the price that failed to break out, the current market is under pressure and has seen some retracement. However, the overall strength is not strong, so the day's strategy remains to maintain short-term trades in the 2500-2650 range, with high shorts and low longs. Breaking out can capture short-term profits.

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

7.4 Short-term Reference for Ethereum:

Lower test entry point 2660-2615, stop loss at 2850, stop loss: 50, target below 2560,

Upper test entry point 2505-2475, stop loss 30 points, target above 2530,

There may be delays in article delivery; strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set stop-loss and take-profit levels to secure your gains.

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

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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, article delivery may have delays, risks are self-borne, and it is important to control positions reasonably. Do not operate with 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, rejecting plagiarism and respecting originality!

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