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Ethereum (ETH/USD) is trading around $1,786, above the 2/8 Murray level and the 21-day moving average, which is driving it above the 200 EMA with a positive bias, although it is showing signs of exhaustion.
In the coming hours, Ethereum could continue its rise until it reaches the upper band of the bullish channel, around $1,865.
Since the Eagle indicator is reaching overbought levels, the outlook could turn negative in the coming days.
Therefore, a consolidation below the 2/8 Murray line and below the 200-day moving average could be considered an opportunity to sell Ethereum, with targets at the lower band of the bullish channel—which also coincides with the 1/8 Murray line—around $1,660.
A breakout from the symmetrical triangle pattern is seen in the chart. Thus, if ETH remains above this area, it points to a further uptrend in the coming days until the price reaches the 3/8 Murray line, which now acts as strong resistance.
If Ethereum faces strong rejection below $1,875, it will be considered an opportunity to open short positions with targets at the 1/8 Murray line.
*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।
