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.

1.8 Mr. Coin's Analysis Reference for Ethereum (ETH) Market

Yesterday, Ethereum was influenced by the overall market and followed the same trend. Recently, the price has shown a significant downward trend, especially with the sharp corrections on the 7th and 8th. A high point was formed around 3700, followed by a series of bearish candles. The price began to decline continuously, recently experiencing a deep correction of nearly 400 points, touching around 3300 before rebounding. The market continues its downward trend, and bearish sentiment is becoming increasingly strong.

Looking at the short-term hourly chart, the Bollinger Bands have gradually expanded with the market's ups and downs. The MACD is in the negative zone, and the fast and slow lines continue to diverge downwards, indicating a strong bearish signal. The daily MACD is also in the negative zone, showing some signs of short-term rebound. However, the momentum is not strong, indicating that there is still selling pressure above, and there is a risk of further declines. Mr. Coin advises all cryptocurrency friends to prepare in advance. Currently, the overall trend still leans towards bearish, and the daily decline is significant, so it is recommended to trade in the direction of the trend.

1.8 Short-term Reference for Ethereum:

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.

Long Position: 3280-3230 range, defend at 3150, stop loss: 3130, target above 3620.

Short Position: Short in the 3400-3440 range, stop loss 30 points, target 50-100 points.

There may be delays in article delivery, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in market judgments, always set take-profit and stop-loss levels to secure your gains.

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 cryptocurrencies. I welcome those who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in article delivery, and risks are to be borne by the reader. 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 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 diligently, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!

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