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ETH/USD – Ethereum jumps on Merge news that reduces 99% carbon emissions.

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ETH/USD – Ethereum jumps on Merge news that reduces 99% carbon emissions.

Trade Insights – ETH/USD

The chart shows Viable Short Positions below the Major Pivot point at $1465, with the first target of $1240 Key Support and then to head towards the Support zone between $1010 to $910

Alternatively, Long positions above the Major Pivot point at $1465 with the target to head towards the Key Resistance Level at $1718 and then towards the Resistance Zone at 1900 to $2000.

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The information provided is of a general nature and is not intended to be personalised financial advice. The information provided is not intended to be a substitute for professional advice. You may seek appropriate personalised financial advice from a qualified professional to suit your individual circumstances.

Trading in Rockfort Markets derivative products may not be suitable for everyone as derivative products may be considered as high risk. Please ensure that you understand the risks involved. A Product Disclosure Statement can be obtained here and should be considered before trading with us.

Vishal, R.

July 26, 2022

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