Market Analysis of ETHUSDT on Tuesday 8 OCTOBER 2024

2024-10-08 12:08Fonte:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


 ETHUSDT running in negative trend and its immediate strong resistance are 2415 to 2475 level .  Stop loss is 2525 level and it can fall  below 2311 level because of irregular correction at that level on 15 minute chart  .Intraday purpose selling is better for targets 2430,2420 and 2400 levels respectively with stop loss 2525 level.


QUICK FUNDAMENTAL LOOK                                                                    


Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data.

 

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

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