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

9.4 Ethereum (ETH) Market Analysis Reference

Ethereum also rebounded yesterday, with an increase of over 200 points from evening to early morning. The price approached the 4500 line and returned to the area above 4400, touching the 4490 position under pressure. The overall bullish sentiment in the short term is strong, but the short-term pullback is also significant. Therefore, Mr. Coin suggests that operations should focus on securing profits to avoid loss of gains.

On the daily chart, a large bullish candle has recently broken the previous high of 4450, but then it consolidated with reduced volume, indicating a weakening of bullish momentum. A V-shaped reversal pattern formed from August 22 to 26, with strong support at the bottom around 4207. The monthly chart has shown three consecutive months of bullish closes, but September has seen a long upper shadow, indicating strong resistance near 5000. MACD: The daily DIF (92) has crossed below the DEA (137), forming a death cross, but the weekly chart still maintains a golden cross. EMA: The price is stable above EMA7 (4417), but there is a significant divergence between EMA30 (4286) and the price. On the short-term hourly chart, the price has slightly rebounded near the upper band, and the Bollinger Bands are gradually opening. All moving averages are in a bullish arrangement. If it breaks through the 4500 line, further rebounds are expected, so the strategy remains focused on buying on dips. Support below is around the 3350 position, with short-term resistance above at 4500.

9.4 Ethereum Short-term Reference:

Short sell lightly at 4490-4530, stop loss 30 points, target below 4440.

Long buy at 4350-4301, stop loss 30 points, target above 4400.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, stop-loss and take-profit measures must be in place. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for access. The first ten daily followers can receive free exit strategy advice.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied extensively in the U.S. focusing on analyzing 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 posting, risks are self-borne, and it is important to control positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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 it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism, respect originality!

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