Market Analysis of ETHUSDT on Monday 27 JANUARY 2024

2025-01-27 14:41Source:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM


ETHUSDT can fall below 2900 level in expectation for  wave c with stop loss 3280 . Intraday purpose selling is better with stop loss 3280 expecting targets 3100,3070 and 3030 levels respectively . Immediate strong resistance are 3226 to 3265 level .


QUICK FUNDAMENTAL LOOK


    Ethereum has dropped nearly 7% over January, moving opposite to the wider crypto market and to leader Bitcoin, but market watchers say February and March have been historically bullish for the second-largest cryptocurrency.


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

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