Rimani 
Condizioni di trading
Strumenti
Ethereum ETH / USD is trading below the 21 SMA located at $ 2,540 and below the 4/8 murray. Having broken the uptrend channel, it is now consolidating below the key level of $ 2,500.
ETH / USD is consolidating below the $ 2,500 psychological level, suggesting that short-term traders decided to take profits after the price failed to close above $ 2,565, the 5/8 murray zone.
The 200 EMA, located at $ 2,150, could give Ethereum a new opportunity for the bulls. If ETH makes a technical bounce at this level, you will buy with targets at $2,500.
ETH is overbought showing signs of exhaustion and there is likely to be a downward correction towards the support 2/8 murray and EMA 200 around $ 2,187.
Investors are cautious due to the recent decline in ETH / USD below $2,500. Some believe it is a correction of the main downtrend, for a continuation of the decline towards levels of $1,700 and up to $1,200.
On the contrary, other analysts believe that the update of the Ethereum hard fork - London - could give a strong boost to the price of Ethereum to the level of $3,000.00. Later on, it could rise to $ 4000.00.
The key for Ethereum is that the crypto has come under bearish pressure, so we are able to sell while it remains below $ 2,540. We believe that Ethereum could consolidate between a range of 2,600 and 2,000 in the short term. The eagle indicator is showing a bearish signal.
Support and Resistance Levels for August 04 - 05, 2021
Resistance (3) 2,790
Resistance (2) 2,710
Resistance (1) 2,595
----------------------------
Support (1) 2,400
Support (2) 2,300
Support (3) 2,205
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
