empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

30.08.202310:55 विदेशी मुद्रा विश्लेषण और समीक्षा: August 30, 2023 : Updated technical analysis of Ethereum/USD.

Exchange Rates 30.08.2023 analysis

Ethereum, the second-largest cryptocurrency by market capitalisation, has been trading in a downward trend against the US dollar since reaching a historical high of 4868 $ on May 2021.

The ETH/USDT pair has formed lower highs and lower lows on the H4 chart, indicating a bearish momentum. The pair has also broken below several key support levels, such as 1800 and 1700 dollars.

Hence, the pair is still facing strong resistance from the descending trendline that connects the lower highs on the depicted chart.

Therefore, based on the technical analysis of the H4 chart, the outlook for the pair remains bearish in the short term.

Ethereum prices continued to decline to test the support level around 1600 which provided significant support.

A break below this level could open the door for further declines towards 1500 and 1300 levels. However, this couldn't happen.

On the other hand, a break above the price level of 1730, may enable further upside movement towards the descending trendline around 1770 for further retesting.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

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.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.