Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 gains 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.

8.16 Ethereum (ETH) Market Analysis Reference

The intraday Ethereum trend is linked to the overall market. In the morning, there was a rebound, but the price did not break through the resistance at the 4700 level. By the evening, it faced short-term pressure at 4672 and has been running around the 4400 level. The short-term trend indicates a correction signal. If it effectively breaks below the 4400 level, the price is expected to continue to decline, so all cryptocurrency friends should be prepared. Additionally, it is important to focus on the support in the 4380 area today; if it breaks, the market may test the 4300 level.

Looking at the short-term hourly chart, the market is under pressure and has shown a correction, with the morning gains being retraced. If the price effectively breaks below 4400 and opens up space below, there is still a possibility of further declines, so a cautious approach with a focus on short positions is advisable. The upper resistance to watch is at the 4500 level, while the lower focus is on 4380.

8.16 Ethereum Short-term Reference:

Short sell lightly at 4480-4550, stop loss 30 points, target below 4420.

Long buy at 4300-4251, stop loss 30 points, target above 4400.

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 judgments, 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 addition methods: the first ten each day can receive free exit strategy advice.

For more real-time trades, you can follow my public account for 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 in the U.S. multiple times, 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, and positions should be reasonably controlled. 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 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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