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.

9.17 Ethereum (ETH) Market Analysis Reference

Yesterday, Ethereum's market continued to correct, with the decline gradually easing as it approached the 4425 level. Unfortunately, it did not test the strength of the 4400 support level as expected. Currently, the price is rebounding around 4510, but the strength of the rebound is weakening. The Ethereum market is maintaining a downward trend, so the strategy remains focused on short positions during rebounds, with resistance levels at 3900 and 4000.

From the short-term hourly chart, the Bollinger Bands are slightly opening downwards, indicating that the price is facing resistance in the short term. The market is under pressure, showing a slight correction, and the upper middle band is slowly moving down. If the price cannot break through the 4560-4580 resistance area, there is a possibility of further declines. I hope all cryptocurrency friends are prepared in advance. A stable operation still focuses on short positions during rebounds, as the downward trend has not dissipated, and one should not blindly chase long positions. The upper resistance is at 4570, while the lower support is at 4430-4380. If the price breaks below 4430, the downward trend will further advance.

9.17 Ethereum Short-term Reference:

Short sell at 4600-4550 with a stop loss of 30 points, target below 4500,

Long buy at 4421-4471 with a stop loss of 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, 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, 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, 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, refusing to plagiarize and respecting originality!

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