ETH/USD Pops Above 2500: Sally Ho’s Technical Analysis 2 August 2021 ETH

ETH/USD Pops Above 2500:  Sally Ho's Technical Analysis 2 August 2021 ETH

Ethereum ( ETH/USD) taken advantage of continuous favorable market belief early in the Asian session as traders continued to build up long market threat following strong gains above the psychologically-important 2000 figure  Traders just recently observed strong technical need simply listed below the 2163 location, right around the 38.2% retracement of the current valuing variety from 1718.41 to 2437.99  ETH/USD signed up gains of 7.3% in July and has notched gains of more than 232% year-to-date 

Above current locations of technical significance, extra upside retracement levels consist of the 2631.60, 2657.89, 2725.47, 2742.76, 2913.68, 3042.22, and 3056.22 levels  Following the current climb to multi-week highs, drawback rate retracement levels consist of 2333.53, 2303.32, 2191.54, 2041.42, and 2000.49 locations.  Traders are observing that the 50-bar MA (4-hourly) is bullishly suggesting above the 100-bar MA (4-hourly) and  above the  200-bar MA (4-hourly).  Also, the 50-bar MA (per hour) is bullishly suggesting above the 100-bar MA (per hour) and above the 200-bar MA (per hour)

Price activity is nearby the 50-bar MA (4-hourly) at 2268.66 and the 50-bar MA (Hourly) at 2394.04

Technical Support is anticipated around 1700/ 1633.51/ 1456.03 with Stops anticipated below.

Technical Resistance is anticipated around 3122.22/ 3420.10/ 3788.66 with Stops anticipated above.

On 4-Hourly chart, SlowK is Bearishly listed below SlowD while MACD is Bullishly above MACDAverage

On 60-minute chart, SlowK is Bearishly listed below SlowD while MACD is Bearishly listed below MACDAverage

                                                                                                                                                                     

Disclaimer: This trading analysis is supplied by a 3rd party, and for educational functions just. It does not show the views of, nor is it meant to be utilized as legal, tax, financial investment, or monetary guidance.

.

Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 1-2 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
These trading signals help earn from 20% to 150% profit in just a few hours after purchasing the coins published on the Telegram channel “Crypto Pump Signals for Binance”. Are you already making a profit using these trading signals? If not, then try it! We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP users of the Crypto Pump Signals for Binance channel. Examples can be seen on this page!
John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Leave a Reply