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Ethereum (ETH/USD) is trading around $1,745, pulling back after reaching a high of $1,849. We could expect the technical correction to continue over the next few hours until it reaches the 2/8 Murray level around $1,750.
Ethereum reached the upper band of the uptrend channel, just as we noted in yesterday's analysis, as this area acted as strong resistance near the upper band of the uptrend channel.
Ethereum reached the $1,849 level, which coincided with the upper band of the uptrend channel, and made a sharp technical reversal, pulling back more than $60. We believe ETH could continue its fall in the coming days until it reaches the lower band of the uptrend channel around the key $1,700 level.
The Eagle indicator has reached extremely overbought levels, so it is giving a bearish signal. If a technical rebound toward $1,840 occurs in the coming hours, it could be considered an opportunity to open short positions.
On the other hand, if the 2/8 Murray support level ($1,750) proves to be strong, we could expect consolidation around this area. In this case, we could buy with targets at the 3/8 Murray level around $1,875.
*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।
