Trading in the cryptocurrency sphere 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 come back. However, it is important to grasp the timing for making trades and the current market trends in order to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises fellow cryptocurrency enthusiasts to operate while learning, to summarize their experiences of gains and losses in a timely manner, and to deepen their understanding of risks and develop a correct mindset, so that they can avoid risks rationally and become qualified investors.

3.15 Mr. Coin in the Cryptocurrency Sphere: Ethereum (ETH) Market Analysis Reference

From the candlestick pattern of Ethereum, since falling back from above 2200, the highs have gradually decreased, and the lows have not yet confirmed an increase, establishing a clear downtrend structure. The price bounced back to 2116 but was hammered down; it is now testing the 2070-2080 area, which is the support zone of the MA20 from before. The latest 4-hour candlestick closed as a small bearish candle with upper and lower shadows, and the bulls and bears are battling at this position; looking at the volume, the recent 4-hour candlesticks that have fallen from 2120 show a significant increase in trading volume (for example, the most recent one had a volume of 420,000), indicating that there was selling pressure during the downward process, and it is not a false drop. Although there was a volume increase rebound in the 1950-2000 area, where there was buying support, the overall picture indicates a rhythm of increasing selling volume during the decline and decreasing volume during the rebound. This volume-price structure is understood well by veteran followers; it is a typical bearish signal, indicating insufficient market support, and the rebound is just fleeting.

Therefore, our trading approach should be clear: in a downtrend market, we should only make trades during rebounds and not chase after the downturn. Pay close attention to the 2090-2110 rebound resistance area; if there are signs of stagnation in growth, such as a small bullish or bearish candle forming or a bearish engulfing pattern, while the volume shrinks, that would be an opportunity to short. Going forward, the key focus will be on the 2040 support, as this is a previous low, and if it breaks, there is a high probability of testing the 2000 mark (near MA120). Follow Mr. Coin for real-time market rhythm updates.

3.15 Short-term Reference for Ethereum:

In the 2095-2140 range, defense at 2380, target below 2060,

In the 2030-1980 range, stop loss of 50 points, target above 2070,

There may be delays in sending out information; the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident one is in market judgment, ensure to set take profit and stop loss properly, securing profits is essential.

  For more real-time trading strategies and online technical learning, including exit strategies, you can follow the mentor’s public account (Mr. Coin Talks about Coins) for information on how to add: the first ten each day can receive free exit strategy recommendations.

For more daily real-time trades, you can follow the public account (Mr. Coin Talks about Coins) to access online market technical learning, exit strategies, etc. I have studied the market for many years, researching major trends in the cryptocurrency sphere, and have studied extensively in the US, primarily analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency enthusiasts who are unsure about trading to research and learn together.

This article's content is exclusively shared by Mr. Coin in the cryptocurrency sphere and represents his sole viewpoint. The article may have delays in sending; risks are self-borne, manage positions carefully, and avoid large or full positions in trading. Mr. Coin wishes all fans to achieve financial freedom, moving forward together and encouraging each other. In the depths of time, hold a part of understanding gently; in investing, one must learn to be optimistic. Do not let your future self hate your present self. We live authentically, but not every data revelation demands earnestness. Let the past be the past and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready for action at any time. Let’s go!

—— This article is written by Mr. Coin in the cryptocurrency sphere, rejecting plagiarism and respecting originality!

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