Market Analysis of ETHUSDT on Wednesday 29 May 2024

2024-05-29 19:02Fonte:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    

 ETHUSDT  is running in negative  trend and its immediate  strong resistance are 3841 to 3892 level  .Intraday purpose selling is better with stop loss 2935 level expecting intraday target 3805,3790 and 3780 level respectively.Wave c or wave 3 is going on and both the calculation showing it can fall towards 3700 level .

 QUICK FUNDAMENTAL LOOK                                                                     

ETHUSD may have an easy-to-explain selling point after all — an option for investors to bet on the future growth of Web3 — after recent doubts about defining Ether neatly to sell the idea of spot Ether exchange-traded funds (ETFs), according to a crypto analyst.

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

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