Market Analysis of Instrument name on Thursday 2 May 2024

2024-05-16 18:22Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

 ETHUSDT  is running in positive  trend and its immediate  strong support are 2975 to 2995 level  .Intraday purpose buying is better with stop loss 2820 level expecting intraday target 3015,3025 and 3040 level respectively.Wave 3 is going on which can take ethusdt towards 3250 level sharply .

 QUICK FUNDAMENTAL LOOK                                                                     

Ethereum (ETH), the second-largest crypto by market capitalization, has recently shown signs that suggest a potential rebound is on the horizon.

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

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