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 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 gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.10 Ethereum (ETH) Market Analysis Reference

Ethereum is currently rebounding in line with the overall market. It is now approaching the previous resistance area near 36240, with the current price around 3560. The current trend shows a key battle between bulls and bears: after a series of bullish candles broke through the previous high of 3560 on the 4-hour chart, the latest candlestick closed with a bearish candle, retreating to 3558, forming a short-term false breakout pressure, indicating weakened upward momentum. Meanwhile, on the daily chart, after a long bullish candle broke through the EMA30 on November 9, it is currently testing the support at the 3500 level.

Although the MACD is still in the negative zone, the shortening green bars suggest that the bearish strength is waning. The moving average system shows a divergent trend—while the price on the 4-hour chart is stable above EMA7 (3513), it is constrained by EMA120 (3704). The death cross formed by EMA30 (3788) and EMA120 (3828) on the daily chart constitutes medium to long-term pressure. Overall, the market needs to hold the support area of 3500-3513 in the short term to maintain the rebound structure. If it fails to hold, it may weaken again, with support around 3500-3480 and resistance to be watched in the 3630-36800 area.

11.10 Short-term Reference for Ethereum:

Short position testing at 3615-3675, stop loss at 30 points, target below 3570.

Long position testing at 3461-3411, stop loss at 30 points, target above 3520.

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, it is essential to manage take-profit and stop-loss effectively. Secure your profits. For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin Discusses Currency) to get the addition method: the first ten each day can receive free strategies for resolving positions.

For more real-time trades, you can follow my public account for online market technical learning, resolving positions, 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 views, there may be delays in article posting, 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 circle, refusing plagiarism and respecting originality!

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