05.03.202606:59 Forex Analysis & Reviews: Trading Signals for Ethereum (ETH/USD) on March 5-7, 2026: sell below $2,187 (21 SMA - 3/8 Murray)

Relevance up to 00:00 2026-03-19 UTC--4

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Ethereum (ETH/USD) reached the 3/8 Murray around $2,187, which represents strong resistance as it is also at the 200 EMA. We could expect a technical correction in the coming days, and Ethereum might reach the psychological level of $2,000 around the 21 SMA.

ETH/USD is trading within an uptrend channel formed since February 22, but it is reaching overbought levels. So, it is likely that there will be a technical correction towards the lower band of the uptrend channel in the coming hours or days.

If Ethereum consolidates above the 200 EMA and above the 3/8 Murray, the bias could remain positive, and we expect the cryptocurrency to continue appreciating. Hence, it could reach the upper band of the uptrend channel around $2,365.

A break of the bullish channel and consolidation below the psychological level of $2,000 will be seen as a signal to sell, with a target at the 2/8 Murray located at $1,875. Finally, ETH is expected to reach the February 5 low of around $1,714.

Given that the Eagle indicator has reached extremely overbought levels, any pullback while trading below the 3/8 Murray will be seen as a signal to open short positions.

Voltar a lista

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.