Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 profits 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.

10.1 Ethereum (ETH) Market Analysis Reference

Ethereum is influenced by the overall market during the day, and the price has slightly declined, currently hovering around the low of 4090. It is crucial to pay attention to the support strength at this level. If the price falls below this level, there is a chance it could return to the key support level of 4000. On the hourly chart, after a price rebound, it has maintained a consolidation phase, with short-term movements showing a fluctuating pattern and no obvious breakout signs. The upper resistance area to watch is around 4230. If the rebound does not break through this level, there is a possibility of further downward fluctuations. Conversely, if it breaks through, attention should be paid to the daily midline around 4340. Until it breaks 4340, Ethereum will remain in a weak position.

On the 4-hour level, a double top structure has recently formed (4245 and 4235), and the current price has retreated to around 4150, testing the EMA30 support (4116). The daily chart shows a long lower shadow (rebounding from the low of 4092), but it has not broken the previous high of 4245. Compared to Bitcoin, Ethereum is still relatively weak. MACD (4-hour): DIF (26.37) crosses above DEA (20.08), but the histogram is shrinking, indicating weakened bullish momentum. The daily MACD has been in negative territory after a death cross. EMA: The price is fluctuating between the 4-hour EMA7 (4154) and EMA30 (4116). If it falls below 4116, it will accelerate downward; the daily EMA120 (3750) is a key long-term support level. It is recommended to focus on short positions during rebounds.

10.1 Short-term Reference for Ethereum:

Try shorting lightly at 4260-4200, with a stop loss of 30 points and a target below 4180.

Try going long at 4081-4031, with a stop loss of 30 points and a target above 4150.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten each day can receive free strategies for getting out of positions.

For more real-time trades, you can follow my public account for online market technical learning and getting out of positions. I have researched the market for many years, studying the major trends in the cryptocurrency circle, 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 unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article posting, and risks are borne by yourself. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together and cheering each other on. 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 in the cryptocurrency circle, refusing to plagiarize and respecting originality!

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