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!
ETH is trading around $2,507, above the 8/8 Murray line and above the 21 SMA, consolidating after a strong upward move that occurred yesterday during the US trading session.
Since August 22, ETH has been trading within a rectangle pattern between a high of $2,567 and a low of $2,450.
In the coming hours, Ethereum is expected to encounter strong resistance around $2,567; this zone could be viewed as an opportunity to take short positions in anticipation of a drop to the psychological level of $2,500—it could even retreat toward $2,343.
If the consolidation continues and the price remains below the psychological level of $2,500, then we could view this zone as an opportunity to sell, with targets at $2,442, and ultimately, we could expect it to reach $2,350. If ETH breaks below this support level, it could reach the 200 EMA around $2,223.
In the coming days, we expect Ether to trade within a range of highs and lows, so we must keep an eye on the levels we've identified as potential sell zones and, in the event of a pullback, look to buy on the technical rebound.
If Ethereum breaks above $2,567, we could expect it to reach the +1/8 Murray level around $2,656. And if the instrument falls below $2,350, we could expect it to reach the 6/8 Murray level around $2,187.
Our trading plan for the next few hours is to sell Ethereum below the psychological level of $2,500, with targets at 2,442 and $2,390. The Eagle indicator is showing a bearish signal, which supports our bearish strategy.
*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।
