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 suggests that all cryptocurrency friends 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.

10.24 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

The trend of Ethereum is linked to the overall market, and the market is under upward pressure and has retraced again. The current price is running around the 2500 level, and the short-term support has been broken. It is expected that the price will further test downward. The focus should be on the 2500 support line; if it does not break below this price, there is a possibility of a rebound. The market will continue to maintain a high-level consolidation; conversely, there is a risk of further testing the 2400 level.

In the short term, the MACD's current fast and slow lines are both negative, and the MACD histogram is expanding, indicating strong bearish momentum, with the market in a downtrend. There may be a short-term rebound, but the strength is not significant, so it is not recommended to blindly chase the rise; focus on support and resistance and trade accordingly.

10.24 Short-term Reference for Ethereum:

For more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
Short position: Short at 2621-2580, defend at 2750, stop loss: 2770, target below 2530.

Long position focus on the 2400-2380 range, stop loss 50 points, target above 2480.

There may be delays in article delivery; 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 profits.

For more real-time trades daily, 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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in article delivery; risks are borne by the reader. Manage your positions reasonably, and do not operate with 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, plagiarism is rejected, and original work is respected!

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