Market Analysis of ETHUSDT on Friday 5 JULY 2024

2024-07-05 12:26Fonte:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW

   

ETHUSDT running in negative trend and its immediate strong resistance are 3041 to 3133 level .   Overall Stop loss is 3150 level and it can fall below 2875 level  in short term .Intraday purpose selling is better for targets 121,119 and 116.25 levels respectively with stop loss 135 level .


QUICK FUNDAMENTAL LOOK  

                                                             

The cryptocurrency market took a hit on July 4, with the total market capitalization dropping by over 5.7% to about $2.114 trillion. This plunge has left many market participants questioning the core catalysts behind this downturn, and how much longer it may continue.


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

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