Market Analysis of ETHUSDT on Tuesday 20 AUGUST 2024

2024-08-20 19:43Source:BtcDana

ETHUSDT  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations ETHUSDT is running in positive trend and stop loss is 2515 level and It can rise towards 2780 level   .Intraday purpose buying is better with stop loss 2515 level expecting intraday targets 2670 , 2680 and 2700 levels respectively .Support  area is 2578 to 2648 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Ether’s 13% drop below the key $3,000 level since early August may be nearing its end, with two onchain metrics suggesting that the correction may be over soon.


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

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