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ETH/USD moves somehow sideways in the short term and it seems undecided. It's trading at 1,754 at the time of writing. After its strong growth, a short-term retreat was natural. The price could try to test and retest the immediate support levels before developing a new bullish momentum.
The altcoin increased by 2.82% from yesterday's low of 1,715 to 1,763 today's high. Technically, the bias remains bullish, further growth is still in cards.
ETH/USD is still trapped between 1,846 and 1,706 levels. Escaping from this pattern could bring new opportunities. The bias remains bullish as long as it stays above the median line (ML) of the ascending pitchfork.
ETH/USD failed to stay below the weekly pivot point of 1,734 signaling strong upside pressure.
A false breakdown below the median line (ml) and through 1,706 should announce a new bullish momentum. This is seen as the first buying opportunity. Also, a new higher high, a valid breakout above 1,846 validates further growth towards the upper median line (UML).
*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।
