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ETH is trading around $2,328, undergoing a sharp technical correction after reaching a high of around $2,421. This level was last seen on April 22, forming a double top pattern, which signals a technical reversal.
On the H4 chart, we can see that Ethereum has decisively broken the uptrend channel formed since April 28 and is expected to consolidate below the 3/8 Murray level around $2,375. It could continue falling in the coming days until it reaches the 200 EMA and even the 2/8 Murray level around $2,250.
If, in the coming hours, a pullback occurs toward the 21 SMA or the 3/8 Murray line, we could consider opening short positions provided the price consolidates below this zone around $2,375 and sell with targets at the 2/8 Murray line ($2,250); ultimately, we could expect the price to reach the psychological level of $2,000.
Conversely, if Ethereum consolidates above $2,375, we could view this as a positive signal, and it could reach the 4/8 Murray line around $2,500.
The Eagle indicator has reached overbought levels and is already giving a negative signal as the price consolidates below the double top pattern. Alternatively, if ETH reaches $2,400, we could consider taking short positions in the coming days.
*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।
