Market Analysis of ETHUSDT on Friday 20 DECEMBER 2024

2024-12-20 18:22Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


ETHUSDT running in negative trend and its immediate strong resistance are 3430 to 3700 level .  Stop loss is 3630 level and it can fall towards 2200 level in short term  . Intraday purpose selling is better for targets 3270, 3240 and 3200 levels respectively with stop loss 3630 level.


QUICK FUNDAMENTAL LOOK                                                                    


The crypto market will witness $2.62 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could affect short-term price action, especially as both assets have recently declined.

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

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