Market Analysis of ETHUSDT on Tuesday 3 DECEMBER 2024

2024-12-03 17:10Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


ETHUSDT running in extended zone in wave 5 of previous impulse shown in graph  and its maximum limit is 3850 level .  Stop loss is 3850 level and it can fall  towards 3300 level sharply in short term  . Intraday purpose selling is better for targets 3600, 3580 and 3550 levels respectively with stop loss 3850 level.


QUICK FUNDAMENTAL LOOK                                                                                                      Ethereum  price has jumped 43.88% in the last 30 days, showing strong momentum. The declining supply of ETH on exchanges suggests that holders are becoming more confident, moving their tokens to long-term storage.


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

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