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

9.5 Ethereum (ETH) Market Analysis Reference

Ethereum's daily market showed a strong rebound early yesterday, with prices approaching the 4500 mark as expected for a pullback. Subsequently, the bullish supply was insufficient, and the trend did not stabilize for further upward movement. As of early this morning, the price retreated near the previous support level and rebounded again. The daily support level is slowly moving up, and the focus should be on the resistance above 4450 in the short term. If it does not break through, the pullback and consolidation will continue. All cryptocurrency friends should avoid blindly chasing long positions and be cautious of price pressure leading to further support retracement.

Looking at the short-term hourly chart, the Bollinger Bands are narrowing, and multiple tests yesterday were under pressure near the 4500 level, with subsequent bullish momentum weakening. Currently, the price is operating around 4325, in a pullback and consolidation phase. The short-term rebound touched the previous support level without breaking down, and both sides of the market are starting to become entangled. All moving averages and auxiliary indicators are flattening out, indicating that the low-level range consolidation will continue for some time. All cryptocurrency friends should be prepared. The resistance above is focused on the 4450-4500 range, and a rebound may provide an opportunity for short positions. The support below is focused on the 4230 level.

9.5 Ethereum Short-term Reference:

Short sell near 4490-4430, stop loss 30 points, target below 4400.

Long buy near 4250-4201, stop loss 30 points, target above 4300.

There may be a delay in sending the article, and the 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 measures must be in place. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategy advice.

For more real-time trades, 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 extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, there may be a delay in sending the article, risks are self-borne, and it is important to manage positions reasonably. Do not operate with 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, prepare well, and be ready to set off at any time. Let's go!

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

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