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 (ETH/USD) is trading around $1,813, below the 2/8 Murray and below the 21 SMA, showing bearish pressure. So, it is likely to find good support above $1,800.
On the H4 chart, we can see that Ethereum could find good support at the lower band of the downtrend channel around $1,780. This level could be seen as a point for a technical rebound, and it is expected to return to the $1,900 level in the coming days and even to the upper band of the downtrend channel around $1,935.
If ETH/USD falls below the downtrend channel and consolidates above $1,780, the outlook could be negative, and it is expected to reach the /8 Murray around $1,562 in the short term.
In the medium term, ETH/USD is expected to fall to the 8/8 Murray levels around $1,250. This level is key, and we could expect Ethereum to trade around this area in the coming days.
At current price levels above the lower band of the uptrend channel, it will be seen as a signal to buy above $1,780 with targets at $1,875 and the 21 SMA around $1,900.
*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।
