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 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 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 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.

11.3 Ethereum (ETH) Market Analysis Reference

Yesterday, Ethereum's market continued to experience wide fluctuations, with a slight price increase. The upward momentum was not strong, and it tested the resistance at the 3900 level again, with the intraday high around 3917 facing pressure and pulling back. The short-term increase has begun to weaken, and the intraday fluctuation remains unchanged. According to technical analysis, the current trend has formed a double top structure (with highs at 3917 and 3910) on the 4-hour level, effectively breaking below the neckline at 3850.

On the daily level, the price has closed below the EMA7 (3891) for three consecutive trading days, presenting a "descending three methods" pattern, further confirming the short-term weakness. On the 1-hour level, the price is operating within a descending channel, with multiple tests of the lower support near 3850. From the technical indicators, the MACD on the 4-hour level has shown a second death cross of DIF and DEA below the zero axis, and a top divergence signal has also appeared on the daily level. In terms of the moving average system, the current price is under dual pressure from EMA7 (3867) and EMA30 (3895), while EMA120 (3979) constitutes a long-term key resistance, with the overall trend leaning towards weakness. It is recommended to focus on short positions during rebounds.

11.3 Ethereum Short-term Reference:

Short sell near 3915-3975, stop loss 30 points, target below 3870,

Long buy near 3761-3711, stop loss 30 points, target above 3800,

There may be delays in article transmission, and 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 must be well managed. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategy provision.

For more real-time trades, you can follow my public account to access 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 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 views, there may be delays in article transmission, 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 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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