Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Ethereum (ETH/USD) is trading around $2,211, rebounding after finding solid support around $2,150. The H4 chart shows that Ethereum is within an uptrend channel and is likely to continue rising in the coming days until it reaches the psychological level of $2,500.
The crypto has strong support around the 3/8 Murray level at $2,187 and around the 200 EMA at $2,135; these levels could be considered a zone for opening long positions if the price rebounds above this area.
A decline and a break of the secondary uptrend channel, along with consolidation below $2,150, could accelerate its downward movement, and we expect Ether to reach the psychological level of $2,000 and could even reach the 2/8 Murray level around $1,875.
Given that ETH/USD is under bearish pressure, if a pullback occurs in the coming hours and reaches the 21 SMA around $2,275 or near its weekly high at $2,400, this will be seen as a signal to open short positions.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
