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.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con Bitcoin el 16 de mayo según el sistema ICT

El Bitcoin ha subido $31 000 literalmente en un mes, sin tener razones de peso para ello y sin mostrar una sola corrección o retroceso. Incluso ahora, después

Paolo Greco 07:25 2025-05-16 UTC+2

Recomendaciones para operar con Ethereum (ETH) el 16 de mayo según el sistema ICT

Ethereum sigue estrictamente la trayectoria del Bitcoin. La "segunda criptomoneda" continúa su ascenso, que en la última semana se ha convertido en un vuelo propulsado. Sin embargo, esto

Paolo Greco 07:25 2025-05-16 UTC+2

Recomendaciones para operar con el Bitcoin el 15 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento muy fuerte y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido 31 000 $, recuperando por completo la caída

Paolo Greco 07:31 2025-05-15 UTC+2

Análisis del par BTC/USD. El 14 de mayo. ¿El Bitcoin apunta a una nueva tendencia "alcista"?

El tipo de cambio del instrumento BTC/USD ha aumentado significativamente en las últimas semanas, la demanda crece prácticamente a diario

Chin Zhao 07:22 2025-05-14 UTC+2

Recomendaciones para operar con el Bitcoin para el 14 de mayo según el sistema ICT

El Bitcoin continúa su fuerte crecimiento y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $31 000, anulando por completo la caída causada por "Trump"

Paolo Greco 07:22 2025-05-14 UTC+2

Recomendaciones para operar con el Bitcoin (BTC/USD) el 13 de mayo según el sistema ICT

El Bitcoin continúa su crecimiento explosivo y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $31 000, eliminando por completo la caída provocada "por Trump"

Paolo Greco 07:22 2025-05-13 UTC+2

Recomendaciones para operar con el Bitcoin (BTC) el 12 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento muy fuerte y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $30 000, neutralizando completamente la caída provocada

Paolo Greco 09:05 2025-05-12 UTC+2

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
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.