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 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.

11.4 Ethereum (ETH) Market Analysis Reference

Ethereum's intraday trend is linked to Bitcoin. After being blocked at the 3900 level in the morning, the market reversed and broke down, with prices testing lower levels. After breaking through multiple support levels, it rebounded only after touching the low of around 3560. The overall intraday decline exceeded 300 points, and the focus should be on the support at the 3550 level. If it breaks down again, there is still a risk of further decline.

On the 4-hour chart, there was a significant drop, with prices touching a low of 3560 before a slight rebound, forming a long lower shadow. The short-term key support is at the 3550 level, while the previous high resistance is at 3680. The daily chart has continuously formed large bearish candles, breaking below the key level of 3600, and the EMA30 has also crossed below the 120 line. In terms of technical indicators, the MACD is below the zero line on both the 4-hour and 1-hour charts, with negative values continuing to expand. The daily DIF and DEA have formed a death cross and are diverging downwards, indicating strong bearish momentum. The EMA system shows that prices are running below the moving averages of all periods (7/30/120), with the 4-hour EMA7 (3673) forming the first resistance, while the daily EMA30 (4020) has become an important pressure zone. It is recommended to focus on short positions during rebounds, with light long positions at low levels.

11.4 Ethereum Short-term Reference:

Short positions can be lightly taken at 3715-3775, with a stop loss of 30 points and a target below 3670.

Long positions can be tested at 3561-3511, with a stop loss of 30 points and a target above 3620.

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 judgments, 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 Discusses Currency) for access. The first ten people each day 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 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, with article posting delays, risks are self-borne. 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 plagiarism and respecting originality!

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