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 profits 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.

11.13 Ethereum Market Analysis Reference

As expected, Ethereum faced resistance and retraced near the 3580 position in the evening, and the price continued to test lower. Currently, the low is approaching the previous support area, and after multiple retests, it has not shown the expected rebound. Additionally, the short-term period has seen consecutive bearish candles, and bearish sentiment is gradually intensifying. Be cautious of the price dropping again.

On the daily chart, a long upper shadow was formed at the high of 3648.27 on November 11, and the next day, a large bearish candle confirmed the top formation. The MACD histogram has maintained negative values for 18 consecutive days. Meanwhile, on the 4-hour chart, there have been consecutive bearish engulfing candles that have swallowed the previous gains, with a single bearish candle on November 12 at 20:00 having a body of 121.52 points, constituting a strong selling pressure signal. Moreover, the DIF and DEA formed a second death cross below the zero axis (-16.92/-2.78), reinforcing the downward momentum. From a key level perspective, the price continues to be pressured below the daily EMA7 (3439.74) and EMA30 (3478.49). The three peak structures formed in the 3420-3430 range on the 1-hour chart make 3433.73 a solid short-term resistance level, while the EMA120 (3651.11) on the 4-hour chart constitutes long-term resistance. Our suggestion remains to focus on short positions during rebounds. For rebounds, pay attention to the area near 3560, and for support, watch 3360, with a break below focusing on 3300.

11.13 Ethereum Short-term Strategy Reference:

Short at 3515-3575 with a stop loss of 30 points, targeting below 3470.

Long at 3361-3311 with a stop loss of 30 points, targeting above 3420.

There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set take profit and stop loss levels to secure gains. For more real-time strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Discusses Currency) for access. The first ten each day can receive free exit strategy advice.

For more real-time strategies daily, you can follow the public account (Mr. Coin Discusses Currency) 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. focusing on 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 opinions, article posting may have delays, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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 circle, no plagiarism, respect originality!

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