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ETHEREUM is trading around $3,125 above the 21 SMA around the 2/8 Murray support, with a slight recovery after reaching the psychological level of $3,000.
In the coming hours, Ethereum could continue its rise and could reach $3,200. It could even gain bullish momentum and could reach the 3/8 of Murray around $3,437.
If Ethereum reaches the strong resistance zone around $3,437, which also coincides with the top of the uptrend channel around $3,500. If the price settles below the zone of the 200 EMA, it could be seen as an opportunity to open short positions.
On the other hand, if ETH trades below the 21 SMA and below the 2/8 Murray, we could expect it to continue its bearish cycle. So, the instrument could reach the bottom of the uptrend channel around $2,900.
Our outlook remains bullish for ETH/USD, so if the price trades above the 2/8 Murray, it will be seen as an opportunity to open long positions.
*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।
