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.

8.25 Ethereum (ETH) Market Analysis Reference

The overall rebound of Ethereum is stronger than the market, with an intraday increase of over 200 points, once again reaching a historical high, currently touching around 4956. After being under pressure and correcting in the early morning, support has moved up to the 4700 level, and the current price is hovering around 4800. The key focus for the future market is the 4850 resistance area. If there is a rebound and breakthrough today, the increase is expected to continue further.

From the short-term hourly chart, after the price was under pressure and corrected, it fluctuated near the five-day moving average. Both bulls and bears are currently in a stalemate, and the short-term trend is in a corrective consolidation. Therefore, until a breakout occurs, the strategy should maintain a high short and low long approach. The upper resistance is around the 4850 level, while the lower support is around the 4700-4650 level.

8.25 Ethereum Short-term Reference:

Short on 4850-4900 lightly, stop loss 30 points, target below 4800,

Long on 4650-4601, stop loss 30 points, target above 4720,

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, stop-loss and take-profit must be well managed. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trades daily, you can follow my public account for online market 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 not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, manage 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 going!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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