Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
ETH/USD (Ethereum) is trading around $1,948, showing signs of exhaustion in the bearish momentum, and is likely to consolidate above the 2/8 Murray in the coming hours, awaiting a decisive breakout from the downtrend channel. So, it can surpass the psychological level of $2,000.
If Ethereum consolidates above $2,000 in the coming hours, we could expect it to reach the 3/8 Murray around $2,187 and finally reach the 200 EMA, a level that coincides with the 4/8 Murray around $2,500.
Conversely, a fall below 2/8 Murray could mean an active continuation of the downward movement, and ETH is likely to reach the 1/8 Murray around $1,562. It could even reach the lower band of the downtrend channel around the psychological level of $1,500.
Cryptocurrencies are likely to remain under bearish pressure in the short term. Nevertheless, Ethereum is expected to rebound to $2,200 or even $2,500 in the coming days.
We must keep an eye on Bitcoin's performance as it has a strong correlation with Ethereum. If Bitcoin reaches the psychological level of $60,000, Ethereum will likely reach the February 5 low around $1,700 or could even reach the 1/8 Murray around $1,562.
A recovery of Bitcoin above the psychological level of $70,000 could favor Ethereum, and we can look for opportunities to buy above $2,000.
*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।
