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 suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Ethereum (ETH) on September 2:

Ethereum faced resistance around 4490 during the intraday rebound, and as expected, the subsequent trend broke below the short-term support at 4300 and continued to decline. As of the time of writing, it has touched a low of 4248, with an overall weak trend, and the upper resistance is slowly moving down. The short-term rebound has shown signs of fatigue, and if it cannot break and stabilize above 4400, there is a possibility of further decline if it breaks below the low of 4200.

From the short-term hourly chart, the price has quickly fallen from a high of 4491 to a low of 4251, forming consecutive bearish candles and testing the 4250 support multiple times. The current hourly candlestick is oscillating in the range of 4262-4290, with long lower shadows testing buying support. MACD: The 1-hour level DIF and DEA continue to diverge below water (-31.72/-19.99), and the daily MACD histogram is shrinking and turning green (-125). EMA: The 7/30/120-hour moving averages (4328/4386/4432) are all in a bearish arrangement, with the price being suppressed below the EMA7. Therefore, our strategy remains focused on short positions. The upper resistance is at 4400, while the lower support is at 4200.

Short-term Reference for Ethereum on September 2:

For long positions, try the range of 4435-4485, with a stop loss at 4780 and a target below 4450.

For short positions, try the range of 4220-4170, with a stop loss at 4000 and a target above 4300.

There may be delays in the article's release, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the public account of Mr. Coin (币圈币先生) to get the addition method: the first ten people each day can receive free exit strategies.

For more real-time trades, you can follow my public account to access 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 cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in the article's release, and risks are borne by the reader. 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 striving. 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, and we refuse to plagiarize and respect originality!

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