REDATOR Ben Graham Posted January 28 REDATOR Report Share Posted January 28 Ethereum (ETH/USD) is trading around $3,013, above the 3/8 Murray level and above the 21 SMA, with an upward bias. Ethereum found strong support when it reached the 2/8 Murray level, which coincided with the lower band of the descending trend channel around $2,800.ETH/USD is expected to continue rising in the coming days, but could face further resistance around the psychological level of $3,000 and around the 200 EMA located at 3,076.A consolidation above the 200 EMA could trigger an upward move for Ethereum, potentially reaching the 5/8 Murray level around $3,281, which coincides with the upper band of the descending trend channel.The Eagle indicator is showing a positive signal for Ethereum, so we expect a strong upward move in the coming days, likely reaching $3,300.Conversely, a move below $2,917, where the 21SMA is located, could signal a continuation of the downtrend and ETH could potentially reach the 2/8 Murray support level. If this support is broken, we could see a strong acceleration towards the psychological level of $2,500.The material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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