Trading in the cryptocurrency market is a long-term plan, not something that can be accomplished overnight. Therefore, one should not be overly anxious; 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 essential to pay attention to the timing of trades and the current market trends to increase the probability of success. At the same time, investing is also a growth process. Mr. Coin advises all cryptocurrency enthusiasts to learn while operating, summarizing themselves promptly regardless of profits or losses, deepening their understanding of risks, and planning the correct mindset. Only in this way can risks be reasonably avoided, and one can become a qualified investor.

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

First, let's look at the 4-hour chart for Ethereum. Here, a clear long upper shadow has formed, with the high reaching 2117.86 before facing pressure and pulling back. This indicates that the key level of 2150 above is currently a hard barrier, with selling pressure highly concentrated. In the short term, it's still under some pressure to break through directly. Looking at the daily chart, the closing price has stabilized above 2100 for three consecutive days, yet the price hasn't effectively broken through the previous high of 2133. Highs are decreasing while lows are rising, forming an emerging ascending triangle pattern on the daily chart. This is a typical consolidation pattern, and the key now is to see in which direction it will break out.

In terms of indicators, the 4-hour MACD has shown a death cross, with the DIF crossing below the DEA, indicating that short-term momentum is starting to weaken. The MACD histogram on the daily chart is also shrinking, suggesting that the upward force of the larger cycle has weakened. Looking at the moving averages, the price on the 4-hour chart has fallen below the EMA7, with the current level at 2098.35 becoming a short-term resistance. Where is the support below? First, let's look at the EMA30 on the 4-hour chart, which is around 2060; this is the short-term dynamic support level.

Lastly, I want to remind everyone to pay attention to the change in trading volume. On March 13 at 8 PM, the 4-hour K-line witnessed an enormous volume, with a single transaction of 230,000 ETH. Now, the trading volume on the 4-hour chart has dropped to only 24,661 ETH, shrinking by 63% from the peak. This significant reduction in volume makes it challenging to support a sustained price rise. Overall, we are currently in a situation where there is "pressure above, support below, and declining volume." In the short term, it is highly likely to consolidate around the range of 2077 to 2150, waiting for a direction to choose. During such times, it is essential to be cautious and pay attention to the support at the lower edge of the range. Follow Mr. Coin to keep up with the rhythm of the market in real-time.

3.16 Short-term Reference for Ethereum:

Between 2115-2155, defend at 2380, target below 2080,

Between 2040-1990, stop loss at 50 points, target above 2070,

There may be delays in the article's posting; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgments, stop-loss and take-profit measures should always be in place to secure profits.

For more real-time trading strategies daily, please follow the official account (Mr. Coin Talks About Cryptocurrency) for access, and you can also learn technical skills online, adjust positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency realm, and have studied abroad multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome fellow cryptocurrency enthusiasts who are unsure about trading to join in the research and learning.

 For more daily real-time trading strategies, online technical learning, adjustments, etc., you can follow the mentor's official account (Mr. Coin Talks About Cryptocurrency) for access. The first ten followers each day can receive free position adjustment strategies.

This content is exclusively shared by Mr. Coin in the cryptocurrency market and represents his unique viewpoint. Articles may have delays in posting, and the risks are borne by the reader. Manage your positions reasonably when trading, and avoid operating with heavy or full positions. Mr. Coin wishes that all fans can achieve financial freedom and progress together. In the depths of time, gently hold onto understanding. One must learn to be optimistic in investing. Don't let your future self resent your current self. We are living authentically, but not every piece of information revealed requires us to take it too seriously. Let the past remain in the past and let the future come quickly! Take good care of yourself, be prepared, and get ready to set out. Let's go!

——This article is written by Mr. Coin in the cryptocurrency market, and plagiarism is forbidden; respect originality!

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