Market Analysis of ETHUSDT on Friday 18 August 2023

2023-08-18 12:35Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

 Ethusdt looking as wave c or wave 3 is running and its trend is negative and its immediate strong resistance 1663 to 1733 levels.So it can fall from this resistance towards 1478 level minimum and final stop loss is 1790 and main target is 1478  level minimum.It is running in best selling area in strong resistance so selling is better for downside direction with intraday stop loss 1750 for easily 1760 targets .

 QUICK FUNDAMENTAL LOOK                                                                     

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports,Several firms have applied to list these exchange-traded funds, which would hold derivatives contracts tied to ether – rather than ether itself. 

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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