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 gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

8.20 Ethereum (ETH) Market Analysis Reference

Ethereum, influenced by Bitcoin, has also failed to stabilize at the 4300 position, with the market reversing downwards and breaking the 4200 support, testing the low at 4133. The current trend has once again entered a correction phase, with a slight rebound from the low of 4133. The current price is running around 4175, with the market slightly adjusting and both bulls and bears starting to become entangled.

From the short-term hourly chart, the Bollinger Bands are in an opening posture, and the market correction has once again entered a consolidation phase. The upward momentum in the short term is not strong. If a strong rebound cannot stabilize above 4330, we will focus on the 4080 support level. If it does not break, there is still a possibility for bulls to counterattack; otherwise, the downward correction will continue. The current trend is a fluctuating downward movement, so our trading suggestion is to focus on short positions during rebounds. The upper resistance is around the 4280-4330 area, while the lower support is at the 4080 level.

8.20 Short-term Ethereum Reference:

Short at 4280-4350 with a stop loss of 30 points, target below 4220,

Long at 4080-4031 with a stop loss of 30 points, target above 4150,

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 take-profit and stop-loss levels to secure your gains.

For more real-time trades daily, you can follow my public account to get 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 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 unsure about trading, you are welcome to study together. 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.

Exclusive opinions, there may be delays in article posting, risks are self-borne, manage your positions reasonably, 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 lightly. 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. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, 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。