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Ethereum is trading around $1,906, above the 21 SMA and the 200 EMA, and above the downtrend channel that was broken, showing a positive bias.
During Wednesday's US trading session, Ethereum broke above $1,875, quickly reaching the $1,930 level. However, there could be a technical correction in the coming hours before the uptrend resumes.
Should a pullback occur toward $1,875, and if the ETH price consolidates above this zone, it will be considered a buying opportunity with targets at the 4/8 Murray level around the psychological $2,000 mark.
If Ethereum continues to rise, the next resistance levels are around $1,937 and $1,973, and finally the $2,000 level; therefore, we will look for buying opportunities in the coming days in anticipation of reaching these targets.
Conversely, a drop below $1,875 could cause Ethereum to resume its downtrend, and we could expect it to reach the 2/8 Murray level around $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।
