Mr. Coin in the Crypto Circle: On June 19, the upward momentum of Ethereum has slowed down. It is recommended that everyone be cautious in chasing long positions. Here is the latest market analysis of Ethereum (ETH) today, along with strategy references.

CN
4 hours ago

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 should 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.

6.19 Mr. Coin's Analysis of Ethereum (ETH) Market Trends

Recently, Ethereum's rebound has been relatively weak, with multiple attempts to break through the resistance at the 2550 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 level at 2460, and if it breaks below this, there is a risk of further retracement.

From the short-term hourly chart, the market has shown multiple downward movements. The recent 4-hour level has formed a bottoming rebound pattern, quickly rebounding to 2537 after touching a low of 2465, forming a long lower shadow. The daily chart has shown three consecutive days of candlesticks with long upper and lower shadows, indicating fierce competition between bulls and bears. MACD: The 4-hour level's DIF and DEA have flattened after a death cross below the zero axis, with the green histogram shortening; the daily level MACD has continued to decline after a death cross at a high position. EMA: The price has broken below EMA30 (2554) and EMA120 (2565) at the 4-hour level; at the daily level, EMA7 (2553) has crossed below EMA30 (2524). The intraday trend is weak, so we still need to be cautious of a breakdown leading to further declines, especially focusing on the support at the 2450 level to prevent a significant drop if it breaks. The recent market rebound has entered a phase of consolidation, with both bulls and bears maintaining a stalemate. Therefore, before a breakout, we should maintain a strategy of buying low at high levels. Currently, the short-term support is at 2450, and the resistance is at 2565.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

6.19 Short-term Reference for Ethereum:

Lower entry point 2535-2595, defend at 2700, stop loss: 50, target below 2500,

Upper entry point 2405-2455, stop loss 30 points, target above 2500,

There may be delays in article delivery, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people 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 unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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, and we refuse to plagiarize and respect originality!

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