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 increase 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.

8.17 Ethereum (ETH) Market Analysis Reference

Although Ethereum made some gains yesterday, approaching the 4500 resistance, it was affected by the overall market, and the upward movement did not continue for long. Subsequently, it retraced all gains, and the price fell back to support. During the day, it touched a low near 4372, and the previous low was not broken; it just showed weakened upward momentum. The market is expected to maintain a range-bound movement for the day.

On the daily chart, yesterday ended with a large doji star, indicating that both bulls and bears are in a stalemate. Currently, it is hovering within a range without breaking out, and it is expected that the consolidation will continue for some time. The strategy is to go long at lower prices and short at higher prices. The upper resistance is around the 4550 level, while the lower support is around the 4350 level.

8.17 Ethereum Short-term Reference:

Short at 4480-4550 with a stop loss of 30 points, targeting below 4420.

Long at 4300-4251 with a stop loss of 30 points, targeting above 4400.

There may be delays in article posting, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. 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.

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.

Exclusive views, there may be delays in article posting, and risks are borne by oneself. Manage 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, prepare well, 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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