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!
Since June 25, Ethereum (ETH/USD) has begun a strong rally above $1,500, reaching $1,841 during Monday's US trading session. This represents a sharp increase of more than 20%. As a result, a technical correction is expected in the coming days, as the price has technically reached overbought levels.
On the H4 chart, we can see that Ethereum has consolidated above the Murray 2/8 line, the 200 EMA, and the 21-day moving average, reinforcing its positive outlook.
If the ETH price consolidates above $1,750 in the coming days, it is likely to continue rising until it reaches the Murray 3/8 line, around $1,875.
Beyond $1,875, ETH could reach the psychological level of $2,000; however, it may struggle to reach this target, as it is technically in overbought territory.
If, in the coming hours, the ETH price falls below the 200 EMA and the Murray 2/8 level, the outlook could turn negative, and a sharp technical correction toward the Murray 1/8 level—around $1,625, which also coincides with the lower band of the bullish channel—could be expected.
The Eagle indicator has reached overbought levels; however, the outlook for Ethereum remains positive, so it is likely to continue rising. A possible entry point for short positions could be if it reaches $1,875 or if the ETH price falls below $1,750.
*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।
