Market Analysis of ETHUSDT on Thursday 24 OCTOBER 2024

2024-10-24 12:49Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


ETHUSDT running in negative trend and its immediate strong resistance on 5 minute chart are 2553 to 2595 level .  Stop loss is 2620 level and it can fall towards 2450 level minimum because of irregular correction pattern made on 15 minute chart .Intraday purpose selling is better for targets 2545 , 2540 and 2535 levels respectively with stop loss 2630 level.


QUICK FUNDAMENTAL LOOK                                                                    


Ethereum bulls have a big task at hand despite helping the altcoin price rise above $2,700 earlier. This time, the new mission is to prevent ETH from going below $2,400, which is a crucial support level.


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

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