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 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 the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.23 Ethereum Market Analysis Reference

Ethereum maintains a fluctuating pattern during the day, currently trading at the 2750 position, which is a contraction from yesterday's range. In the short term, both bulls and bears are exerting force in the 2710-2780 range. The hourly Bollinger Bands are narrowing, and there are currently no signs of a breakout. The 4-hour chart shows a low-level fluctuation pattern, recently rebounding to around 2760 after hitting a low of 2704. The key resistance level is near the previous high at 2790, while the short-term support level is at the 2700 round number. The daily chart shows that since the long bearish candle broke below 3000 on November 20, there have been three consecutive days of K-lines with lower shadows, indicating some buying resistance in the 2700 area.

In terms of technical indicators, the 4-hour MACD's DIF (-91) has crossed above the DEA (-93), signaling a bottom divergence; although the daily MACD histogram (-72) is still expanding, the weekend market trading volume has been sluggish, leading to a decrease in bearish momentum. The moving average system shows that the price is currently sticking to the EMA7 (2753), with the 30-day moving average (2895) forming significant resistance, while the short-term moving averages maintain a bearish trend. It is worth noting that the monthly EMA120 (3251) shows a significant divergence from the current price, so we can operate on both high and low. The upper resistance to watch is 2790, followed by the 2860 area, while the short-term support to watch is near 2700. As long as there is no breakthrough and stabilization above the previous resistance area of 2790, the fluctuating pattern will not change in the short term.

11.23 Ethereum Short-term Strategy Reference:

Short sell at 2815-2875 with a stop loss of 30 points, target below 2780,

Long buy at 2581-2611 with a stop loss of 30 points, target above 2660,

There may be a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels. Secure your profits. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin Discusses Currency) for ways to add: the first ten each day can receive free strategies for getting out of positions.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Currency) to access online market technical learning and strategies for getting out of positions. 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 provide analysis and guidance on 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 a delay in sending the article, and risks are borne by yourself. Manage your positions reasonably, and do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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, prepare well, and be ready to set off at any time. Keep going!

—— This article is written by Mr. Coin from the cryptocurrency community, refusing to plagiarize and respecting originality!

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