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 increase 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 profits 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.

10.23 Ethereum (ETH) Market Analysis Reference

Ethereum's intraday trend has reversed upwards but has failed to test higher levels, with the current price running around 3820. The short-term upward momentum has weakened, and the trend has entered a weak oscillation within a range, with no signs of breaking out yet. Recently, the 4-hour chart has shown consecutive bearish candles, with the price dropping from around 4100 to 3815, forming a descending channel. The 1-hour chart is oscillating within the 3780-3860 range, showing short-term low-level fluctuations.

From a technical indicator perspective, the 4-hour MACD's DIF and DEA are both below the zero axis, and the histogram is continuously expanding, indicating that short-term bearish momentum is strengthening. At the same time, the EMA7 (3864) has crossed below the EMA30 (3925), forming a death cross, while the 120-day moving average (4074) constitutes strong resistance above, indicating an overall bearish trend. Therefore, our strategy is to short at high levels and long at low levels. Pay attention to resistance around 3960-4100 above and support around 3730 below.

10.23 Ethereum Short-term Reference:

Short at 3950-4010 with a stop loss of 30 points, targeting below 3900.

Long at 3661-3731 with a stop loss of 30 points, targeting above 3810.

There may be delays in article posting, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, 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 ways to add: the first ten 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 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 opinions, there may be delays in article posting, 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 circle, refusing to plagiarize and respecting originality!

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