Technical Analysis of ETH/USD for September 15, 2023
September 15, 2023 8:24 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Crypto Industry News:
Investors may be interested in what the head of Deutsche Bank’s securities department, Paul Maley, said. In his opinion, the value of the cryptocurrency market will grow to trillions of dollars and investing in digital assets will probably become a priority for smaller investors and institutions.
Meanwhile, Deutsche Bank’s asset management arm, DWS Group, is reportedly in talks to invest in two different German cryptocurrency companies. This concerns the cryptocurrency product provider Deutsche Digital Assets and the market maker platform Tradias.
Technical Market Outlook:
The ETH/USD pair has made a new local low at the level of $1,530 and then immediately bounced back. The bounce high was made at the level of $1,642, so the short-term trend line resistance at the H4 time frame chart was broken. Currently, the market hovers around the 100 MA located at the level of $1,632. The momentum broken to the positive territory as well, so the bounce can continue higher towards the level of $1,664. The intraday technical resistance is seen at the level of $1,632 (100 EMA) and the nearest technical support levels are located at $1,616 and $1,580.
Weekly Pivot Points:
WR3 – $1,643
WR2 – $1,627
WR1 – $1,620
Weekly Pivot – $1,610
WS1 – $1,603
WS2 – $1,593
WS3 – $1,577
Trading Outlook:
The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: