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Ethereum seems undecided in the short term, that's why we have to wait for fresh opportunities before taking action. It's trading at 1,652 at the time of writing. Bitcoin's current drop dragged ETH/USD down again.
ETH/USD is down by 1.43% in the last 24 hours and by 2.10% in the last 7 days. Technically, the price action signaled strong downside pressure, the altcoin failed to print a significant rebound.
From the technical point of view, ETH/USD escaped from a major channel. Dropping below the uptrend line announced a potential major leg down.
As you can see on the daily chart, the rate failed to take out the 1,622 static support, so a rebound was natural. Still, the rate failed to come back to test and retest the broken uptrend line announcing strong sellers.
A bearish closure below 1,622 indicates more declines. This is seen as a selling opportunity.
*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।
