Cryptocurrency trading is a long-term plan; it is not about achieving results overnight, 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 suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

6.24 Mr. Coin's Analysis of Ethereum (ETH) Market Trends

Ethereum faced downward pressure from the evening to the early morning, touching a low of around 2188 before starting to rebound, with a strong momentum in a short time. The current price is running around 2300, with both bulls and bears taking turns to exert force, and the market has once again entered a consolidation pattern, with no signs of breaking out, and the daily level is also maintaining a consolidation phase.

Looking at the short-term hourly chart, the trend is near the middle track of the Bollinger Bands, with the market oscillating back and forth. On the 4-hour level: a long lower shadow (from 2188 to 2297) has recently appeared, indicating strong buying support at the low, but it has not yet broken through the key resistance at EMA30 (2358). On the daily level: there have been three consecutive days of closing with bullish candles, and the closing price is above EMA7 (2374), but overall it is still under the pressure of the 120-day moving average (2383), indicating an oversold rebound structure. MACD: The 4-hour level DIF (-64.8) has crossed above DEA, forming a golden cross, but the daily level MACD histogram (-95) is still below the zero axis, indicating that the long-term weakness has not changed. EMA: The price has first stood above the 4-hour EMA7 (2262), but the 30/120-day moving averages (2358/2489) are in a bearish arrangement, and the short-term moving averages have not yet golden crossed the long-term moving averages. Therefore, it is expected that the oscillating market will continue for a while, and the short-term strategy is to buy low at high positions. The upper resistance is at 2358, and the lower support is at around 2100.

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 strategies.

6.24 Short-term Reference for Ethereum:

Lower entry point 2315-2375, stop loss at 2500, stop loss: 50, target below 2250,

Upper entry point 2105-2155, stop loss 30 points, target above 2200,

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment of the market is, always set stop-loss and take-profit 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 coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

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 strategies.

Exclusive views, there may be delays in sending articles, 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 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, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, plagiarism is refused, and original work is respected!

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