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 losses in the short term, 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 gains 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.

10.24 Ethereum (ETH) Market Analysis Reference

After a high pullback during the day, Ethereum's trend has entered a phase of consolidation, with prices fluctuating around the 3850 level, and both bulls and bears are relatively stuck. Currently, the consolidation pattern has not changed much and is expected to continue for a while, so our strategy is to go short at high points and long at low points.

From the short-term hourly chart, the Bollinger Bands are in a contracting posture, with the trend operating near the lower middle band. However, after several failed attempts to push higher, the upward momentum is starting to weaken, so it is not recommended to blindly chase long positions. Be cautious of a potential price pullback. Currently, the short-term trend is a slight consolidation, and one can appropriately seize a range profit. The upper resistance to watch is around 3930, while the lower support to focus on for long positions is around 3760.

10.24 Ethereum Short-term Reference:

Try a light short at 3920-3980, with a stop loss of 30 points and a target below 3880.

Try a long at 3771-3721, with a stop loss of 30 points and a target above 3810.

There may be a delay in sending this article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set your take profit and stop loss 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 daily, 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. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, there may be a delay in sending this article, and risks are to be borne by yourself. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer 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 from the cryptocurrency community, refusing to plagiarize and respecting originality!

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