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Ethereum (ETH/USD) is trading around 3,219, rebounding after finding good support around the uptrend channel formed since the end of December. It is likely that in the coming hours it will consolidate above this level and could continue to recover some of its losses until it reaches the 21SMA located at 3,287.
We expect ETH to consolidate above the 200 EMA located at 3,147 in the coming hours. This level is key and acts as strong support for Ethereum, as below this zone, we also see that it is located at the 2/8 Murray around 3,122, which is strong support. If a technical rebound occurs around this zone, it could be seen as an opportunity to open long positions.
If ETH recovers part of its losses and consolidates above 3,287, it is likely to try to continue rising and could reach 3/8 Murray at 3,437 and finally the top of the uptrend channel around 3,482.
The Eagle indicator is showing a negative signal, so it is likely that after a technical rebound in the coming hours, Ethereum will resume its bearish cycle. If there is a break below 3,122, it could accelerate its decline and even reach 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।
