Market Analysis of ETHUSDT on Wednesday 3 JULY 2024

2024-07-03 12:18Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW

   

ETHUSDT running in negative trend and its immediate strong resistance are 3552 to 3714 level .   Overall Stop loss is 3750 level and it can fall towards 2900 level  in short term .Intraday purpose selling is better for targets 3340,3325 and 3300 levels respectively with stop loss 3525 level . 5 minute chart showing calculations intraday resistance are 3416 to 3458 level and stop loss is 3525 level and it can fall below 3245 level.


QUICK FUNDAMENTAL LOOK  

                                                             

Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8.


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

More