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 suggests that all cryptocurrency friends learn while trading, summarizing both gains 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.

9.20 Ethereum (ETH) Market Analysis Reference

The intraday market has seen a rise followed by a pullback, and as of the time of writing, the price is running around 4470. In the short-term hourly chart, the pullback is still ongoing, with prices continuously declining and bullish sentiment weakening, but the support below has not been broken. The current trend is maintaining a range consolidation.

On the 4-hour level, there have been consecutive bearish candles recently, with the price quickly falling from 4620 to 4471, forming a short-term descending channel. The 4500 psychological level has been broken and turned into resistance. On the daily level, September 19 closed with a long upper shadow bearish candle, with significant selling pressure near the high of 4620, forming a double top prototype structure in conjunction with the previous high of 4644. MACD: On the 4-hour level, the DIF and DEA have diverged with a dead cross below the zero axis, and the daily level's red momentum bar has turned negative for the first time, signaling a weakening mid-term trend. EMA: The price has fallen below the 4-hour EMA7 (4499) and EMA30 (4531), while the daily EMA30 (4412) and EMA120 (3667) are still in a bullish arrangement but with narrowing distance. Therefore, it is recommended to focus on long positions during pullbacks and short positions during rebounds. The support below is at the 4430 level, followed by attention to 4380, while the resistance above is around 4530.

9.20 Ethereum Short-term Reference:

Short sell lightly at 4530-4580, stop loss 30 points, target below 4490,

Long buy at 4381-4431, stop loss 30 points, target above 4480,

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 judgment, stop-loss and take-profit must be well managed. 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 extensively in the U.S., 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, 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, 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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