Market Analysis of ETHUSDT on Wednesday 16 OCTOBER 2024

2024-10-16 12:02Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


 ETHUSDT running in positive trend and its immediate strong support are 2523 to 2570 level .  Stop loss is 2492 level and it can rise  above 2816 levels in short term because of irregular corrections at that level on 15 minute chart  .Intraday purpose buying is better for targets 2630,2640 and 2660 levels respectively with stop loss 2492 level  .


QUICK FUNDAMENTAL LOOK                                                                    


Ethereum (ETH) has surged above $2,500, now testing a critical supply level that could spark a massive rally for both ETH and altcoins.

 

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

More