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 advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

10.29 Ethereum (ETH) Market Analysis Reference

Recently, Ethereum's rebound has been relatively weak, with multiple attempts to break through the resistance at the 4200 level failing. Since noon today, bullish sentiment has weakened, and the market has entered a correction phase again. Currently, the low is approaching the support at the 4067 level. If it breaks below this, there is a risk of a further pullback to the 4000 level.

From the short-term 4-hour chart, the index has recently formed a double top pattern. After retreating from the high of 4253, it is currently testing the support at the 4100 level. The previous highs of 4233 and 4253 constitute a clear resistance zone. The 1-hour level shows that after a long lower shadow appeared at 4071 (on the 28th at 22:00), there was a quick rebound, indicating that there is some buying support below 4100. However, a short-term top has formed again near 4175. In terms of technical indicators, the 4-hour MACD shows that the DIF (46.35) has crossed below the DEA (53.87), and the histogram has turned green (-15.03), combined with the daily MACD showing a continuous death cross (DIF -52.51), indicating that medium-term adjustment pressure still exists. On the moving average system, the price is oscillating between the 4-hour EMA7 (4117) and EMA30 (4052), while the daily EMA30 (4092) has crossed above EMA120 (3885). Currently, the overall trend remains in a mid-high position oscillation, and it is recommended to focus on short positions during rebounds.

10.29 Ethereum Short-term Reference:

Short sell at 4185-4230 with a stop loss of 30 points, target below 4100.

Long buy at 3961-3911 with a stop loss of 30 points, target above 4010.

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 judgment of the market is, it is essential to manage take profit and stop loss properly. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategy advice.

For more real-time trades, you can follow my public account to access 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. focusing on 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.

Exclusive views, there may be a delay in sending the article, risks are self-borne, and it is important to manage positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. 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, and we refuse to plagiarize and respect originality!

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