Market Analysis of ETHUSDT on Wednesday 6 NOVEMBER 2024

2024-11-06 18:53Fonte:BtcDana

ETHUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


ETHUSDT running in positive trend and its immediate strong support on 15 minute chart are 2445 to 2583 level .  Stop loss is 2400 level and it can rise towards 2816 level minimum because of wave c  on  30 minute chart .Intraday purpose buying is better for targets 2615.2630 and 2655 levels respectively with stop loss 2400 level.


QUICK FUNDAMENTAL LOOK                                                                    


On-chain data shows derivatives exchanges have just received large Ethereum deposits, something that could lead to volatility in ETH’s price.


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

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