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 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.

9.6 Ethereum (ETH) Market Analysis Reference

The Ethereum non-farm market continues to rebound, but unfortunately, it has not broken through the previous resistance area. Currently, it has reached the 4490 position and is under pressure again. The price is running near the support point mentioned in yesterday's article around 4320. Today's fluctuation of over a hundred points continues the previous range-bound situation. As long as the pullback does not break below the 4230 support line, it is expected that the market will enter a consolidation phase in the short term. Therefore, everyone should not blindly look bearish and be cautious of a rebound within the range.

On the 4-hour level, a long upper shadow (4494.45→4280.44) has appeared, accompanied by a large volume of transactions, indicating strong selling pressure in the 4500 area. The daily line has recorded three consecutive days of long lower shadows (4252.47→4314.81), with a stage bottom support forming near 4230. The 4-hour level DIF and DEA have formed a death cross below the zero axis, and the daily level histogram has contracted for seven consecutive days, indicating weakened bullish momentum. EMA: The price continues to be constrained by the 4-hour EMA30 (4366) / EMA120 (4371) resistance, and the daily EMA7 (4347) and EMA30 (4279) have formed a death cross. Currently, the short-term trend has entered a consolidation phase, so our strategy is to go short at high points and long at low points. Pay attention to the resistance around 4480-4530 above and the support around 4230 below.

9.6 Ethereum Short-term Reference:

Short at 4470-4530 with a stop loss of 30 points, target below 4400,

Long at 4250-4201 with a stop loss of 30 points, target above 4300,

There may be a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, it is essential to manage take profit and stop loss properly to secure gains.

For more real-time trades daily, you can follow my public account to get online technical learning, solutions for exiting positions, 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 not familiar with trading, you are welcome to study and learn together. For more real-time trading strategies, online technical learning, and solutions for exiting positions, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten people each day can receive free solutions for exiting positions.

Exclusive opinions, there may be a delay in sending the article, and risks are borne by oneself. Manage positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep pushing. In the depths of time, hold onto an 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 in the cryptocurrency circle, no plagiarism, respect originality!

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