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 $2,072, below the 21-day SMA, within the downtrend channel that has been forming since May 12. On the H4 chart, we can see that Ethereum has attempted to break above $2,130 on several occasions but has been unsuccessful.
Given that Ethereum is consolidating below the 21 SMA, it could be at risk of further declines in the coming days, potentially reaching the psychological level of $2,000.
Even if bearish pressure prevails, Ethereum is expected to reach the lower band of the downtrend channel around $1,955.
A consolidation above $2,100 and a decisive break above the downtrend channel around $2,130 could be considered a clear buy signal, with targets around $2,201. We ultimately expect ETH to reach the strong 2/8 Murray resistance around $2,250.
The Eagle indicator has reached overbought levels and is showing a negative signal. Should a pullback toward $2,125 occur in the coming hours, this could be considered a signal to open short positions in the coming dayswith targets toward the 0/8 Murray level around $2,000. We even expect ETH to drop to the $1,950 zone.
*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।
