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

10.21 Ethereum (ETH) Market Analysis Reference

Ethereum's trend is linked to the overall market, and the coin price is under pressure and has retraced again to the 3920 level. The short-term upward momentum has been broken, and the daily support is slowly moving downwards, with the trend in a wide fluctuation range.

From a 4-hour perspective, the price fell back to 3961 after forming a long upper shadow at the recent high of 4085.3, indicating heavy selling pressure above; on the hourly level, a double top structure has formed with 4049.51 and 4070.92, and the neckline is at 4000. The current price has fallen below the neckline, indicating further downside risk. In terms of technical indicators, the 4-hour MACD shows a death cross between DIF (14) and DEA (-1) below the zero axis, and the MACD histogram has shrunk to 30, indicating that the downward momentum has weakened; at the same time, the price has fallen below EMA7 (3991) and EMA30 (3963), while the 120-day moving average (4112) still exerts pressure from above, indicating an overall bearish short-term trend. Therefore, our strategy is to focus on short positions, with some long positions as a supplement. The upper resistance is around 4060, and the lower support is around 3850-3880.

10.21 Ethereum Short-term Reference:

Short sell lightly at 4030-4090, stop loss 30 points, target below 4000,

Long buy at 3831-3891, stop loss 30 points, target above 3960,

There may be a delay in the article's release, and the 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) for access. The first ten daily followers can receive free exit strategies.

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 space, 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 a delay in the article's release, 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 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 current 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, no plagiarism, respect originality!

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