Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 learn while trading, summarizing both gains 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.

10.31 Ethereum (ETH) Market Analysis Reference

Ethereum has also shown strong downward movement today, breaking below the 3800 mark and touching a low of 3710. The current price is around 3730, with short-term rebound strength not being strong. If it cannot break through the short-term resistance at 3830, there is a possibility of a pullback to the day's low. I hope all cryptocurrency friends are prepared in advance. The daily trend for Ethereum is leaning downward, with short-term rebound repair strength being weak and no reversal signals appearing.

On the 4-hour level, the price has continuously closed in the red and has broken below the previous low of 3712.81, forming a short-term descending channel. The range of 3800-3840 above constitutes a significant resistance. On the daily level, the long red candle of 171 points that appeared on October 30 completely engulfed the rebound gains of the previous two days, forming a "bearish engulfing" candlestick pattern, confirming a short-term weak pattern. In terms of technical indicators, the 4-hour MACD's DIF and DEA lines are diverging below the zero axis, with the green bars expanding to -67.56, indicating that bearish momentum is strengthening. Meanwhile, the daily MACD histogram has turned negative again after a brief reduction in volume (the value deteriorated from 1.89 to -82.24), indicating that the medium-term trend has weakened again. In the moving average system, the price on the 4-hour level continues to be constrained by EMA7 (3854) and EMA30 (3967), and the daily EMA7 (3918) has crossed below EMA30 (4050), collectively confirming a bearish arrangement. Overall, the market still leans toward a downward trend, so the strategy remains focused on short positions during rebounds. The upper resistance to watch is 3830, followed by around 3880.

10.31 Short-term Reference for Ethereum:

Short sell lightly at 3885-3830, stop loss 30 points, target below 3800.

Long buy at 3661-3611, stop loss 30 points, target above 3700.

There may be delays in article posting; 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 measures must be in place. 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 daily followers can receive free exit strategy advice.

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., 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 views, 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 lightly. 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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