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 the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.11 Ethereum (ETH) Market Analysis Reference

Although Ethereum has built up momentum during the day, the price broke through the 4400 resistance level but did not sustain the upward movement for long, subsequently retracing all gains and falling back to support. As of the time of writing, it has touched a low of 4300 and is showing a rebound. The previous support has not been broken, but the upward momentum has weakened. Therefore, unless the upper resistance is broken, it is not advisable to blindly follow long positions, as there is a risk of short-term price corrections leading to high-level trapped positions.

On the daily chart, yesterday ended with a doji star, indicating that both bulls and bears are in a stalemate. Currently, the price is hovering within a range, and there has been no breakout situation in the short term. It is expected that the volatility will continue for some time. The strategy is to go long at lower levels and short at higher levels. The upper resistance to watch is between 4380-4430, while the lower support is around 4230-4270. If there is a subsequent pullback, consider entering long positions. If the price breaks and stabilizes above yesterday's high resistance, long positions can be considered to follow the trend.

9.11 Ethereum Short-term Reference:

Short at 4370-4430 with a stop loss of 30 points, targeting below 4320.

Long at 4221-4271 with a stop loss of 30 points, targeting above 4330.

There may be a delay 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 mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

For more real-time trades, you can follow my public account for 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 extensively in the U.S., primarily analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, there may be a delay 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, 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 community, no plagiarism, respect originality!

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