Market Analysis of ETHUSDT on Thursday 9 May 2024

2024-05-09 17:06Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

  ETHUSDT  is running in negative  trend and its immediate  strong resistance are 3002 to 3070 level  .Intraday purpose selling is better with stop loss 3080 level expecting intraday target 2978,2972 and 2960 level respectively.At level of 2937 there is irregular correction formed so it can sharply fall below 2937 level .

 QUICK FUNDAMENTAL LOOK                                                                     

As reported by U.Today, Grayscale recently withdrew its Ethereum futures ETF application after it was delayed in November. According to ETF analyst James Seyffart, it was a Trojan horse filing that was meant to get a 19b-4 order from the SEC.

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

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