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.

11.12 Ethereum Market Analysis Reference

The intraday market has seen a rise followed by a pullback, with prices testing the resistance near the 3580 line multiple times. As expected, it has once again entered a pullback. Currently, the price is around 2570, and the intraday low has already touched the support at the 3400 line. If it does not break below 3400, it is advised not to enter short positions blindly.

On the short-term hourly chart, the trend shows three consecutive bearish candles in a pullback rhythm. The mid-band support has been broken, and the short-term rebound strength is weak. If the price does not break and stabilize above the 2500 short-term resistance, there is a risk of a pullback to the 2400 line. Please be prepared. The current trend continues to oscillate downward, so our strategy remains to focus on shorting during rebounds, with long positions as a supplement. The current short-term resistance is near 3500, followed by 3560, while the short-term support to watch is the situation around the 3400 level, and then 3330.

11.12 Ethereum Short-term Strategy Reference:

Short at 3515-3575 lightly, stop loss 30 points, target below 3470,

Long at 3361-3311, stop loss 30 points, target above 3420,

There may be a delay in the article's release; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to set take-profit and stop-loss levels. Secure your profits. For more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) for addition methods: the first ten each day can receive free exit strategy advice.

For more real-time trades daily, you can follow the public account (Mr. Coin Discusses Cryptocurrency) 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, the article may have delays in release, risks are self-borne, manage your 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, no plagiarism, respect originality!

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