empty
 
 
01.03.2024 11:49 AM
Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Friday March 1 2024.

This image is no longer relevant

With the appearance of a deviation pattern between the price movement of the Ethereum cryptocurrency and the Stochastic Oscillator indicator, this gives an indication that in the near future Ethereum has the potential to weaken downwards where Ethereum will try to breaks below the level of 3313.68. If this level is successfully broken below, Ethereum has the opportunity to go below the area level 3209.06 - 3165.59 is the main target and if the momentum and volatility are sufficient to support it then the area level 3114.05 - 3037.48 is not impossible to achieve as the next target for Ethereum, you just need to pay attention if it is on its way to the target levels outlined previously. suddenly Ethereum experiences a strengthening correction, especially if it breaks above the 3518.70 level, then all the decline and weakening scenarios that have been described previously have the potential to become invalid and automatically cancel by themselves.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback