Market Analysis of ETHUSD on Friday 12 JULY 2024

2024-07-12 16:40Fonte:BtcDana

Technical Analysis:

ETH looks promising on the daily timeframe, presenting a potential buying opportunity for an upward move towards the 3200 level. The price is attempting to form a short-term base near the 2980 - 3000 levels, and as long as these levels are protected on a daily closing basis, we can expect a sharp upside move. The overall bias remains bullish, with dips offering opportunities for scalping or holding for positional trades.

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