27.02.202416:20 Forex Analysis & Reviews: Trading Signals for ETH/USD (Ethereum) on February 27-29, 2024: sell below $3,281 (+1/8 Murray - 21 SMA)

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Ethereum reached a new high around 3,281. This level coincides with +1/8 of Murray which represents a zone of strong technical reversal. Because ETH is strongly overbought on the daily chart, a technical correction is likely to occur in the next few hours with the target at 8/8 Murray around 3,105.

If ETH trades below 3,281, it could reach the 21 SMA located at 3,086 and could finally find strong support and an opportunity for a technical bounce around the bottom of the uptrend channel that coincides with the psychological level of $3,000.

Ethereum has been very bullish because it is highly correlated with Bitcoin. Just as BTC could make a technical correction in the next few hours, it is also likely to drag this cryptocurrency and we could expect it to reach the psychological level of $3,000. If there is a break below this area, the price could reach the 200 EMA located at 2,705 in the next few days.

On the contrary, in case the bullish force prevails, we could resume long positions only if EH/USD consolidates above 3,280 or above 3,300 with the target at +2/8 of Murray located at 3,437.

The eagle indicator is giving a negative signal which means that a strong technical correction is likely to occur in the coming days.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.