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ETH/USD rebounded as the price of Bitcoin turned to the upside in the short term. Now, it's located at 1,633 at the time of writing. It has increased by 7.30% from Monday's low of 1,531 to 1,642 today's high.
The bias remains bearish despite temporary rebounds. ETH/USD is up by 1.57% in the last 24 hours and by 0.17% in the last 7 days.
Technically, ETH/USD rebounded, developing a flag pattern. This could represent a bearish formation. The 1,668 former high stands as a static resistance, while the downtrend line represents a dynamic resistance.
As long as it stays below the downtrend line, the altcoin could drop deeper. False breakouts through the downtrend line should bring new shorts.
Dropping below the flag's support (minor uptrend line) may announce a new downward movement. This could bring new selling opportunities.
*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।
