empty
 
 
06.03.2024 07:10 AM
Trading Signals for ETH/USD on March 6-15, 2024: sell below $3,750 (6/8 Murray - rebound)

This image is no longer relevant

ETH/USD is trading around 3,515, bouncing after reaching a high of 3,816 and a low of 3,204. Yesterday, Ether reached the September 2021 price levels, approaching the psychological level of $4,000.

ETH has a strong resistance around 6/8 Murray located at 3,750. In case there is a pullback towards this level, it could be seen as an opportunity to sell with targets at 5/8 Murray located at 3,125.

In view that Ether started a technical rebound above 3,200, we can buy at current price levels with the target at 3,750.

Our outlook for the next few days suggests a range-bound market. Therefore, Ether is expected to trade between 3,750 and 3,125 which could offer a good opportunity to buy and sell around these levels.

In case ETH breaks and consolidates above 3,750, it could resume its bullish cycle. So, the token could reach the psychological $4,000 level and could even approach the 4/8 Murray located at 4,375.

On the contrary, ETH could start a bearish cycle. For this, it should consolidate below 3,125, then it could reach the 4/8 Murray pivot point located at 2,500 and could even approach the 21 SMA located at 2,390.

Dimitrios Zappas,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $6000 अधिक!
    में दिसंबर हम आकर्षित करते हैं $6000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback