Cryptocurrency trading is a long-term plan; it is not about achieving results 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 to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.6 Ethereum (ETH) Market Analysis Reference

Ethereum has also experienced a deep correction influenced by the overall market, with the low approaching the 3054 position temporarily halting. A subsequent pullback to support led to a slight rebound. Although the price has risen to date, it has not broken through the central axis resistance area of 3530. The market is once again under pressure, showing a correction, and the overall trend remains weak, with the downward momentum not dissipating. The market is close to the 4-hour central axis resistance area, and the current price is under pressure, showing a slight correction. If it breaks through, it is expected to test the strength of the 3500-3530 resistance range again; conversely, there is a risk of a pullback to support. Mr. Coin advises all cryptocurrency friends to prepare in advance.

The 4-hour chart shows that the price has formed a double bottom structure at the two low points of 3057 and 3166, and after breaking through the 3300 neckline, it accelerated upward to 3480, followed by a short-term pullback to confirm the 3430 support. On the daily level, a long lower shadow hammer candlestick was formed on November 5 (low of 3166, closing at 3439), further confirming the bottom reversal signal. In terms of technical indicators, MACD has achieved a golden cross on the 4-hour level (DIF rose from -119.67 to cross above DEA at -123.18 to 7.01), and the daily level green bars continue to converge (-95.67 narrowed to -84.22), with bearish momentum gradually diminishing. In the moving average system, the price has risen above EMA7 (3409) but is constrained by EMA30 (3591), with the short-term EMA7 above EMA30 and EMA120. The market should focus on the breakthrough situation of the 3500-3530 line.

11.6 Ethereum Short-term Reference:

Short sell at 3615-3575 with a stop loss of 30 points, target below 3470,

Long buy at 3361-3311 with a stop loss of 30 points, target above 3420,

There may be a delay in sending the article; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss effectively. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) for access. The first ten daily participants 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 in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. 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 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 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, refusing plagiarism and respecting originality!

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