Market Analysis of ETHUSDT on Wednesday 2 OCTOBER 2024

2024-10-02 12:02Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


ETHUSDT  running in negative trend and its immediate strong resistance are 2500 to 2543 level on 5 minute chart.  Stop loss is 2580 level and it can fall towards 2413 level minimum   because irregular pattern shown in graph .Intraday purpose selling is better for targets 2480,2470 and 2460 levels respectively with stop loss 2580 level.


QUICK FUNDAMENTAL LOOK                                                                    


The entire crypto market dipped on Oct. 1 as rising geopolitical tensions in the Middle East, increasing long liquidations and a sell-off in US equities appeared to cool investor enthusiasm for “Uptober.”


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

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