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 is 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 advises all cryptocurrency friends to learn while trading, summarizing both profits 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.

11.16 Ethereum Market Analysis Reference

The intraday Ethereum market is also oscillating around a low range, with the intraday high touching around 3230 before a pullback, and the current price is running near 3180. On the 4-hour level, a clear downward trend has formed, and the recent rebound has failed to break through the 3230 resistance level, indicating that the overall structure still leans towards bearish.

Technical indicators show that the DIF and DEA have narrowed after a death cross below the zero axis (-74.63/-75.51), but the MACD histogram has turned positive from negative (1.76), suggesting a potential short-term rebound demand. The current price is still under pressure from all cycle EMAs (4-hour EMA7/30/120 are 3185/3299/3547 respectively), with the 30-day moving average being over 100 points away from the current price, indicating that the bears still dominate. As we have not broken through, we should maintain high shorts and low longs. The upper resistance is focused on the 3230-3260 range, while the lower support is at the 3080 position.

11.16 Ethereum Short-term Strategy Reference:

Short at 3315-3375 with a stop loss of 30 points, target below 3260,

Long at 3061-3111 with a stop loss of 30 points, target above 3220,

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set take profit and stop loss levels to secure gains. For more real-time strategies and online technical learning, follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) for access: the first ten each day can receive free strategies for breaking even.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Cryptocurrency) for online market technical learning, breaking even, 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. to primarily analyze and guide 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 lightly. In investing, one must learn to be optimistic. Do not let your future self dislike your current 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 to plagiarize and respecting originality!

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