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 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.

9.7 Ethereum (ETH) Market Analysis Reference

Ethereum has recently pulled back to a low of 4236, with prices returning to the oscillation zone around 4280 in the morning. The trend has been hovering around the 4300 line. In the short term, the trend maintains a weak oscillation, and there is a high probability of testing support downwards again, so we should primarily focus on short positions.

On the 4-hour level, a double top structure has recently formed (4304.25 and 4308.39), with the current price oscillating near the neckline at 4250. The daily chart shows a long upper shadow shooting star (high point of 4490 on September 5), followed by three consecutive bearish candles confirming the top pressure. MACD: The 4-hour level DIF and DEA continue to diverge below the zero axis, and a high-level death cross has appeared on the daily level (turning down after the peak of 317.25 on September 4). EMA: The price has continuously broken below the key moving averages EMA7 (4289) and EMA30 (4337), with the 120-day moving average at 4365 becoming a strong resistance level. The short-term support still focuses on the 4230 position; if it breaks, the market is expected to further test the 4100 line. Therefore, if it breaks, one can follow the trend and enter short positions, with a take profit target of around 30 points. The short-term resistance above is around 4380.

9.7 Ethereum Short-term Reference:

Short sell lightly at 4370-4430, stop loss at 30 points, target below 4320.

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

There may be delays in sending articles, 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) to get the addition method: the first ten each day can receive free exit strategy advice.

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

Exclusive views, articles may be delayed in sending, risks are self-borne, and positions should be reasonably controlled. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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 circle, refusing to plagiarize and respecting originality!

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