Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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.

11.22 Ethereum Market Analysis Reference

Ethereum has also faced setbacks in its counterattack, and the current trend remains weak, with prices operating in the 2700-2800 range. In the short term, it has once again refreshed its low, touching around 2621 and showing a rebound. The trend has entered a weak consolidation phase, but the resistance above is slowly moving down. If the rebound cannot be sustained and the short-term support at 2700 is broken, there is a possibility of testing lower levels again.

After a series of consecutive bearish candles forming a clear downward trend on the daily chart, a K-line with a long lower shadow appeared on November 21, with the low touching around 2621, indicating short-term buying support. On the hourly chart, although the price has repeatedly found support around 2750, the rebound highs are gradually decreasing (2886→2832→2806), reflecting a weakening rebound momentum. In terms of technical indicators, the daily MACD shows that DIF (-252) and DEA (-216) continue to decline, with the histogram expanding to -72.21, indicating that bearish momentum remains strong. Although the hourly MACD has formed a golden cross, it is close to the zero axis, limiting short-term upward space. Additionally, the current price is significantly below all EMA moving averages (7-day 2985, 30-day 3416, 120-day 3706), presenting a standard bearish arrangement overall. Therefore, we can follow the trend for a short position on a breakout. The trend is also weak, and the strategy for the rest of the day similarly suggests focusing on short positions during rebounds, with resistance above at 2830 and 2790.

11.22 Ethereum Short-term Strategy Reference:

Short at 2815-2875 with a stop loss of 30 points, targeting below 2780.

Long at 2581-2611 with a stop loss of 30 points, targeting above 2660.

The article may be sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly to secure gains.

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

Exclusive opinions, the article may be sent with a delay, and risks are borne by the reader. 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 lightly. 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 to plagiarize and respecting originality!

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