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 suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.16 Ethereum (ETH) Market Analysis Reference

Recently, Ethereum's rebound has been relatively weak, with multiple attempts to break through the resistance at 4550 failing throughout the day. Starting from noon, bullish sentiment has weakened, and the market has entered a corrective phase again. Currently, the low is approaching the support level at 4466. If it breaks below this, there is a risk of further retracement, so I hope all cryptocurrency friends are prepared in advance.

In the short-term hourly chart, the market has broken down and is moving lower, with prices declining again. The daily trend is weak, so we must remain cautious of a continued downward break. It is crucial to focus on the support level at 4430 to prevent a significant drop if it breaks. Recently, the market has entered a phase of rebound and consolidation, with both bulls and bears maintaining a stalemate. Therefore, until a break occurs, we should maintain a strategy of buying low at high levels. Currently, the short-term support is at 4430, while the resistance is at 4550-4630.

9.16 Ethereum Short-term Reference:

Short position testing at 4630-4560, stop loss 30 points, target below 4520,

Long position testing at 4421-4471, stop loss 30 points, target above 4500,

There may be a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels. 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 daily, 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. to primarily analyze and guide 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 opinions, there may be a delay in sending the article, risks are self-borne, and it is important to control your position reasonably. 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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