The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Ethereum surpassed $1,600 intraday on Tuesday after testing lows at near $1,423 over the weekend. The crypto is seen to be trading close to $1,590 at this point in writing and is expected to drop toward $1,500 in the near term. We can expect the token to resume its rally towards $1,800-30 thereafter.
Ethereum has dropped from the $2,031 highs since August 14, 2022, carving a meaningful bearish channel between $2,031 and $1,423 respectively. The bulls are looking poised to retrace the above drop and push prices through $1,800 which is close to the Fibonacci 0.618 level of the above drop as seen on the short-term chart here (1 hour).
Ethereum would be working on the recent upswing between $1,423 and $1,600 in the near term. Prices should be well supported at around $1,490-1,500, which is also the Fibonacci 0.618 retracement of the above upswing. A high probability remains for a bullish reversal thereafter as bulls prepare to push through $1,800, going forward.
Potential rally through $1,800 against $1,400, then turn lower.
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
