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

11.24 Ethereum Market Analysis Reference

Ethereum is currently experiencing an upward fluctuation during the day, with the high reaching around 2870. The intraday increase is close to a hundred points, and the price surge is strong; however, it has not broken through the 2900 mark. This indicates that there is still strong resistance above. If it cannot sustain the rebound, a correction will soon follow, so it is advisable to be prepared. From the 4-hour perspective, the market has recently formed a double bottom structure in the 2704-2733 range, with a key short-term resistance around 2860. After testing the low of 2786, the price rebounded. Although the daily level has continuously shown long lower shadows in the 2623/2675 area, indicating that there is buying power at low levels, the closing price is still constrained by the 7-day moving average. The overall moving average system remains bearish, and the downtrend has not yet reversed.

In terms of technical indicators, the 4-hour MACD has shown a bottom divergence signal, meaning the price has made a new low while the DIF has not broken the previous low, suggesting that the downward momentum is weakening. The daily MACD histogram shows a shrinking downward trend, reflecting a convergence of bearish forces. Additionally, the attempt for the 4-hour EMA7 to cross above EMA30 has not been successful, and the price is still strongly suppressed by the 120 EMA (around 3208). The overall structure remains bearish, and attention should be paid to whether it can effectively break through the short-term moving average resistance to confirm a stabilization signal. The short-term resistance above is around 2860, followed by the 2930 area.

11.24 Ethereum Short-term Strategy Reference:

Short sell at 2915-2875 with a stop loss of 30 points, target below 2800.

Long buy at 2681-2611 with a stop loss of 30 points, target above 2720.

The article is sent with a delay, and the 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, as well as ways to exit positions, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) to get the addition method: the first ten each day can receive free strategies for exiting positions.

For more real-time trades daily, you can follow the public account (Mr. Coin Discusses Cryptocurrency) 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 extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, the article is sent with a delay, risks are self-borne, manage your positions reasonably, and avoid 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 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 community, refusing to plagiarize and respecting originality!

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