Mr. Coin in the Crypto Circle: On October 18, the bulls and bears will once again compete. Heaven and hell are just a thought apart. Today's latest market analysis of Ethereum (ETH) includes operational reference ideas.

CN
4 hours ago

Cryptocurrency trading is a long-term plan; it is not about immediate results, so 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 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 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.

10.18 Ethereum (ETH) Market Analysis Reference

The overall rebound of Ethereum is stronger than the market, with a rise of nearly 200 points today, shifting from the previous weak oscillation pattern. Currently, it has reached a high of 3925, facing pressure and entering a consolidation pattern, with support moving up to around 3750. The current price is hovering around 3900. Friends who followed the long positions yesterday should pay attention to timely profit-taking. In the future, focus on the 4000 resistance area. If there is a rebound and breakthrough today, the upward trend is expected to continue. Conversely, if it cannot effectively stabilize and break through, the weak oscillation pattern will continue.

On the 4-hour level, the market has recently shown a pattern of continuous bearish candles followed by a bottoming rebound. After touching a low of 3819, the price quickly rebounded to 3899, indicating strong buying support in this area. However, the short-term upward movement is facing key resistance around 3930. On the daily level, after four consecutive days of bearish closes, it recorded a bullish candle for the first time. However, the rebound's body did not cover the previous day's bearish candle, indicating that the overall pattern is still a weak rebound. The previous low of 3674 can serve as an important support reference. In terms of the moving average system, the 4-hour price has broken through EMA7 (3861) but is constrained by EMA30 (3957); on the daily level, the price is still far below EMA30 (4187), and the moving averages are in a bearish arrangement, indicating that the overall trend still leans towards the bears. It is recommended to operate with light positions, shorting high and going long low.

10.18 Ethereum Short-term Reference:

Short at 3980-3930 lightly, stop loss 30 points, target below 3880,

Long at 3661-3731, stop loss 30 points, target above 3780,

There may be delays in article posting; 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 must be well managed. 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 strategy advice.

For more real-time trades, you can follow my public account 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., mainly 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 posting, 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 plagiarism and respecting originality!

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