Cryptocurrency trading is a long-term plan; it is not about immediate results, 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.

11.2 Ethereum (ETH) Market Analysis Reference

Ethereum has rebounded intraday, testing the 3900 level, with the price repeatedly attempting to move upwards. Based on recent trends, after hitting a low of 3680 on October 31, it quickly rebounded and formed a long lower shadow, indicating strong support below 3800. Meanwhile, although the daily chart has closed positively for three consecutive days, the upper shadow is significant (such as the high of 3909 on November 1), indicating that an effective selling pressure has formed in the 3930-3980 range.

On the monthly chart, the overall trend is still within a descending channel, with the key resistance EMA120 (3991) exerting significant pressure on the current price. In terms of technical indicators, the 4-hour MACD has shown a bullish divergence signal (the DIF value was higher than the previous low when a new low was reached on October 30), suggesting that the short-term downward momentum is weakening. However, the daily MACD is still operating below the zero axis, and the overall trend has not yet reversed. In the moving average system, the price continues to be constrained by the dual resistance of the 4-hour EMA30 (3907) and EMA120 (3991), with only the 7-day moving average (3875) providing temporary support. The market is still in a critical phase of contention between bulls and bears. Without breaking through the key resistance above, there is still a possibility of further decline, so the strategy remains focused on short positions during rebounds. Finally, Mr. Coin reminds that although the market leans towards a downward trend, there is still room for price rebounds in the short term, so it is advisable for everyone to manage risks reasonably and set stop-loss and take-profit levels. The upper resistance to watch is 3930, followed by around 4000.

11.2 Short-term Reference for Ethereum:

Short position testing at 3985-3925, stop-loss 30 points, target below 3870,

Long position testing at 3761-3711, stop-loss 30 points, target above 3800,

There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop-loss and take-profit must be set properly to secure profits.

For more real-time trades daily, you can follow my public account to get online technical learning, solutions for exiting positions, 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 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. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) to get the addition method: the first ten each day can receive free strategies for exiting positions.

Exclusive opinions, 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 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, 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 circle, refusing plagiarism and respecting originality!

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