ETH/USD is trading around $2,277.90, below the 200 EMA and within the uptrend channel formed since May 5. The chart shows that the instrument is reaching oversold levels, and we could expect a technical bounce above the 200 EMA.
If it consolidates above $2,282 in the coming hours, we could expect a recovery in cryptocurrency, potentially reaching the 21 SMA around $2,344 or the upper band of the bearish trend channel around $2,340.
ETH could continue its rise in the coming hours, so we will look for opportunities to open long positions as long as the price consolidates above $2,280, with targets at $2,344 and even $2,375.
Conversely, with a drop below the 200 EMA, the price could reach the 2/8 Murray level around $2,250; if this level is broken, Ethereum could experience a strong bearish sequence until reaching the 1/8 Murray zone around $2,125.
The Eagle indicator is showing a negative signal. Still, the price could find strong support around the $2,250 zone, so we expect this area to provide an opportunity to open long positions in the coming days.
RYCHLÉ ODKAZY
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Kontaktujte nás 
