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!
After consolidating above $2,900, Ethereum managed to gain bullish momentum and is now consolidating above the 200 EMA and above 2/8 Murray with a bullish outlook that could push the price to the key level of $3,600.
ETH/USD may struggle to continue rising in the coming hours as the Eagle indicator is showing overbought signals. Thus, a technical correction towards the psychological level of $3,000 or towards the 200 EMA around $3,062 is likely to follow.
Good support can be found around the 2/8 Murray located at $3,125. This area, where the 200 EMA is located, could be a good key point to resume buying with a target at $3,600. The instrument could even reach the 4/8 Murray at $3,750.
On the contrary, falling below $3,062 and consolidating below the 200 EMA could change the scenario for Ether, and it could reach the support of the uptrend channel around $2,922. This represents the last support for the cryptocurrency, and a rebound at this level could be seen as an opportunity to take long positions.
A definitive break and consolidation below $2,900 could change the scenario for ETH/USD and it could fall towards the 0/8 Murray located at $2,500.
The outlook for ETH remains positive, so we should look for opportunities to open long positions during any pullback. The key is always to make sure that the price consolidates above the psychological level of $3,000.
*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।
