empty
03.11.2023 09:19 AM
Technical Analysis of ETH/USD for November 3, 2023

Crypto Industry News:

The outstanding football team from Bulgaria, PFC Botev Plovdiv, is introducing a modern payment method for its fans. From now on, club supporters have the opportunity to pay with Bitcoin cryptocurrency. This applies to purchases in souvenir shops and catering outlets at the stadium.

Anton Zingarevich, president of the club, expressed enthusiasm for new technologies. He emphasized that Bitcoin has the potential to revolutionize everyday transactions. He compared it to the impact that the introduction of the Internet had on our lives. The club focuses on innovation, and the acceptance of digital currency is a step forward.

Everyone who decides to make purchases using bitcoins in November can count on attractive discounts. PFC Botev Plovdiv offers a 10% discount on all purchases made in this currency. This is an incentive not only for the club's fans, but also for the promotion of cryptocurrency as a means of payment.

The club has started cooperation with BTCPay Server, an open-source cryptocurrency payment processor. Nicolas Dorier from BTCPay Server emphasized the importance of local bitcoin adoption. His company has the ambition to support projects that transform the way we make payments.

Expanding its digital presence, Botev Plovdiv FC has updated its official website. Additionally, the club's English-language social media channels have received significant upgrades.

Technical Market Outlook:

The ETH/USD pair had made a new swing high at the level of $1,874 and then the pull-back started. The next target for bulls is seen at the level of $2,027, but for now the market is trading back inside the old consolidation zone. The intraday technical resistance is seen at $1,819. Currently, the market is in the pull-back mode, but the intraday technical support seen at the level of $1,755 should hold the bearish pressure. Please notice, that any violation of the level of $1,755 will open the road towards the key technical support seen at $1,520.

This image is no longer relevant

Weekly Pivot Points:

WR3 - $1,825

WR2 - $1,805

WR1 - $1,794

Weekly Pivot - $1,784

WS1 - $1,773

WS2 - $1,764

WS3 - $1,746

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.

Gane de los tipos de cambio de las criptomonedas con InstaTrade
Descargue el MetaTrader 4 y abra su primera operación

Recommended Stories

El Bitcoin no se detiene: de $96 600 a $104 500 en un solo día

El Bitcoin actualizó el nivel de $104 500, aunque ayer por la mañana se negociaba a $96 600. La consolidación por encima de los $100 000 indica claramente el retorno

Jakub Novak 10:30 2025-05-09 UTC+2

Análisis del par BTC/USD. El 9 de mayo. El Bitcoin sigue batiendo récords

El conteo de ondas en el gráfico de 4 horas del instrumento BTC/USD se ha vuelto más complejo en los últimos meses. Observamos una estructura correctiva descendente que finalizó

Chin Zhao 07:45 2025-05-09 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 8 de mayo

El Bitcoin se detuvo a un paso de los $100 000, y el Ether logró alcanzar la marca de $1900. Este fuerte crecimiento del mercado de criptomonedas confirma

Miroslaw Bawulski 11:15 2025-05-08 UTC+2

El Bitcoin a un paso de los $100 000

El Bitcoin actualizó el nivel de $99 400, quedándose a un paso de la marca de $100 000, lo que indica sus serias perspectivas alcistas en el corto plazo

Jakub Novak 11:15 2025-05-08 UTC+2

Recomendaciones para operar con el Bitcoin el 8 de mayo según el sistema ICT

El Bitcoin lo ignora todo. Ayer por la noche se supo que la Fed no bajará la tasa clave en un futuro próximo. Jerome Powell declaró

Paolo Greco 07:40 2025-05-08 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 7 de mayo

El Bitcoin y el Ether lograron demostrar un nuevo crecimiento en medio de buenas noticias relacionadas con la legislación sobre criptomonedas. El Bitcoin se negocia actualmente a $96 700, rebotando

Miroslaw Bawulski 10:39 2025-05-07 UTC+2

Recomendaciones para operar en el Bitcoin el 7 de mayo según el sistema ICT

El Bitcoin ha comenzado a caer, pero de momento esta caída es demasiado débil. A pesar de la ruptura de la estructura bajista, esperamos una caída de la primera criptomoneda

Paolo Greco 07:26 2025-05-07 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 6 de mayo

El Bitcoin y el ether pasaron el día dentro de un canal lateral, aunque los signos observados de ventas activas durante la sesión americana de ayer generan ciertas dudas sobre

Miroslaw Bawulski 12:08 2025-05-06 UTC+2

Análisis del par BTC/USD. 6 de mayo. El Bitcoin se prepara para una caída

La estructura de ondas en el gráfico de 4 horas del instrumento BTC/USD se ha vuelto más compleja en los últimos meses. Hemos visto una estructura correctiva descendente que finalizó

Chin Zhao 08:04 2025-05-06 UTC+2

Recomendaciones para operar con el Bitcoin el 5 de mayo según el sistema ICT.

El Bitcoin finalmente comenzó a mostrar los primeros signos de un giro. A pesar de la ruptura de la estructura bajista, seguimos esperando una caída de la primera criptomoneda. Desde

Paolo Greco 08:28 2025-05-05 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.