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 $2,340 above the 21-day SMA and showing signs of waning bullish momentum. After three failed attempts to break above the $2,400 level, Ethereum is undergoing a technical correction and could find solid support around $2,300.
If bearish momentum prevails and Ethereum consolidates below the 21 SMA, we could expect it to continue its downtrend and undergo a technical correction until finding support around the lower band of the uptrend channel at $2,220.
A technical rebound around the lower band of the uptrend channel could be seen as an opportunity to open long positions. The price will reach the psychological level of $2,500 around the 4/8 Murray line in the coming days.
Only a decisive break below the bullish trend channel and a consolidation below the 3/8 Murray line—and in turn below the 200 EMA at $2,169—could signal a shift in the ETH/USD trend, potentially entering a bearish phase that could drive prices down toward the 2/8 Murray line at $1,875.
Given that the Eagle indicator is showing overbought signals, we could expect a technical correction toward $2,200 to open long positions. Otherwise, we could look for opportunities to open short positions from current price levels below $2,400.
*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।
