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!
Ethereum is trading around $2,137, returning to price levels of March 2025. Since its peak around the psychological level of $5,000, Ethereum has lost more than 50% of its value, and it is likely that the bearish cycle will continue, and ETH could reach the lower band of the downtrend channel formed since April 2020, around $1,837.
If Ethereum rebounds above the psychological level of $2,000, it could be seen as an opportunity to open long positions with targets towards the weekly 200 EMA located at $2,650.
The weekly chart shows bearish potential for Ethereum, although technically oversold levels are already being observed. A technical rebound is likely to occur around $2,000 or $1,837 in the coming weeks.
A weekly break below $1,800 could accelerate its bearish cycle, and Ether could reach $1,500, its 2025 low, and we could even expect a sharp drop towards 2022 price levels, around $1,100.
Given that Ethereum is trading within an uptrend channel and is approaching key support levels, we will look for opportunities to open long positions above the psychological level of $2,000 or, in extreme cases, above $1,800.
*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।
