Market Analysis of ETHUSDT on Friday 12 JULY 2024

2024-07-12 11:53Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW

   

ETHUSDT running in negative trend and its immediate strong resistance are 3086 to 3262 level .   Overall Stop loss is 3280 level and it can fall towards 2700 level  in short term .Intraday purpose selling is better for targets 3085,3070 and 3055 levels respectively with stop loss 3250 level.


QUICK FUNDAMENTAL LOOK  

                                                             

Ethereum has hit probably its biggest win yet this summer. The asset has gained more than 10% since reaching the bottom, which pushed it above the 200 EMA threshold.


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

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