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 suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

8.13 Ethereum (ETH) Market Analysis Reference

After a pullback and rebound yesterday, Ethereum's market broke upward, and the price has risen strongly as expected. It is continuously breaking upward, with the high already reaching around 4683, and the intraday increase has exceeded 300 points. The market is currently in a one-sided upward rhythm, and if the price can break through the 4700 line, it is expected to set a new historical high.

From the daily chart perspective, there have been consecutive large bullish candles, with a single-day increase of 367 points on August 12, forming a strong breakout pattern. Recently, after multiple oscillations in the 4500-4700 range, it has broken through the previous high with increased volume, indicating strong bullish momentum. The MACD daily double line has crossed above the zero line, with the DIF (301) continuously widening against the DEA (233), and the histogram has accelerated to 136, indicating a typical bullish market. The EMA7 (4304) has crossed above the EMA30 (3757) and EMA120 (2993), with the moving averages showing a standard bullish divergence arrangement, and the price consistently operates above the EMA7. Given the remarkable increase after the market broke upward in a short time, it is recommended to go long in line with the trend and to be cautious when entering short positions. Currently, the support levels to watch below are 3770-3700-3630, and if there is a pullback, consider entering long positions.

8.13 Ethereum Short-term Reference:

Re-enter after testing the historical high,

Go long at the testing point of 4400-4451, with a stop loss of 30 points and a target above 4600.

There may be delays in article transmission, and 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. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for 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. focusing on analyzing and guiding 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 transmission, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. 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, 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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