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3.9 Crypto Circle Mr. Coin: Ethereum (ETH)) market analysis reference. The Ethereum daily chart also shows a doji candle ending, and the intraday trend has already retraced to test the support at 1930, which is the support level mentioned by Mr. Coin yesterday. The price is continuously testing downward. Currently, the price is around 1960. In the short term, based on this trend, I personally suggest rebounding to short, with a more stable approach being to follow the breakout.
On the short-term hourly chart, after Ethereum broke below support, the retracement has been quite strong, and the current trend is also multiple consecutive bearish candles, indicating that the short-term bears still hold the advantage. All moving averages are in a bearish alignment, and before the rebound stabilizes above 2000, the market still has a trend of continuing to decline. The current trend leans downward, so Mr. Coin recommends trading with the trend.
Below, focus on the key supports at 1930 and 1900.
Ethereum short-term reference on 3.9:
Range between 2030-2080, with a stop at 2280, aiming below 2000, and between 1860-1930, with a stop loss of 50 points, aiming above 1980.
Delay in sending the message, strategy suggestions are for reference only. The market changes rapidly, so no matter how confident you are in your market judgment, always set stop-loss and take-profit orders to secure gains.