Scalping & Mid-Term Analysis for Ethereum
Market Overview:
Trend: Ethereum remains in a downtrend, struggling to reclaim key moving averages.
Key Levels:
Resistance: ~$2,675 - $2,715
Support: ~$2,600 (weak) and $2,500 (stronger)
Indicators:
MACD: Weak bullish momentum, but still in the negative zone.
EMA: Price is below the 200 EMA ($2,880) and 50 EMA ($2,675), confirming bearish dominance.
RSI: Below 50, with multiple bearish divergences, signaling weak upside potential.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? Ethereum is trading in a tight range between $2,600 - $2,675.
How?
Buy near $2,600, aiming for a scalp to $2,670 - $2,680.
Sell near $2,675 - $2,715, as resistance remains strong.
Stop-loss below $2,590, as further downside risk exists.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $2,715 or breakdown below $2,600.
Execution:
If ETH breaks $2,715, scalp long targeting $2,750 - $2,780.
If ETH drops below $2,600, scalp short to $2,500 - $2,450.
🩸 3. EMA Scalping
Why? ETH is rejecting both the 50 EMA and 200 EMA, showing weak bullish attempts.
Execution:
Short near EMA (~$2,675 - $2,700) if price fails to reclaim it.
Go long only if price reclaims EMA with strong volume confirmation.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Neutral
Why?
Price is trading below the 200 EMA, signaling continued downside risk.
Multiple bearish RSI divergences indicate potential for another leg down.
Failure to reclaim $2,700+ could lead to a test of $2,500 - $2,450 support.
Only a strong move above $2,750 can trigger bullish momentum toward $2,800+.
🔥 News & Market Context:
No major bullish catalysts, meaning Ethereum lacks a strong reason for a breakout.
Market makers may trigger a liquidity hunt below $2,600 before a real move occurs.
Bitcoin correlation remains strong, watch for BTC’s direction for ETH confirmation.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping in the current range is viable, but avoid aggressive longs.
🩸 Mid-term: Bearish unless ETH breaks and holds above $2,700+.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs unless $2,750 is reclaimed.
👑 Final Verdict:
Ethereum is still weak. If it fails to reclaim $2,700, expect a correction toward $2,500 - $2,450. 🔥
Trend: Ethereum remains in a downtrend, struggling to reclaim key moving averages.
Key Levels:
Resistance: ~$2,675 - $2,715
Support: ~$2,600 (weak) and $2,500 (stronger)
Indicators:
MACD: Weak bullish momentum, but still in the negative zone.
EMA: Price is below the 200 EMA ($2,880) and 50 EMA ($2,675), confirming bearish dominance.
RSI: Below 50, with multiple bearish divergences, signaling weak upside potential.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Short-Term Play)
Why? Ethereum is trading in a tight range between $2,600 - $2,675.
How?
Buy near $2,600, aiming for a scalp to $2,670 - $2,680.
Sell near $2,675 - $2,715, as resistance remains strong.
Stop-loss below $2,590, as further downside risk exists.
🩸 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $2,715 or breakdown below $2,600.
Execution:
If ETH breaks $2,715, scalp long targeting $2,750 - $2,780.
If ETH drops below $2,600, scalp short to $2,500 - $2,450.
🩸 3. EMA Scalping
Why? ETH is rejecting both the 50 EMA and 200 EMA, showing weak bullish attempts.
Execution:
Short near EMA (~$2,675 - $2,700) if price fails to reclaim it.
Go long only if price reclaims EMA with strong volume confirmation.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Neutral
Why?
Price is trading below the 200 EMA, signaling continued downside risk.
Multiple bearish RSI divergences indicate potential for another leg down.
Failure to reclaim $2,700+ could lead to a test of $2,500 - $2,450 support.
Only a strong move above $2,750 can trigger bullish momentum toward $2,800+.
🔥 News & Market Context:
No major bullish catalysts, meaning Ethereum lacks a strong reason for a breakout.
Market makers may trigger a liquidity hunt below $2,600 before a real move occurs.
Bitcoin correlation remains strong, watch for BTC’s direction for ETH confirmation.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping in the current range is viable, but avoid aggressive longs.
🩸 Mid-term: Bearish unless ETH breaks and holds above $2,700+.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs unless $2,750 is reclaimed.
👑 Final Verdict:
Ethereum is still weak. If it fails to reclaim $2,700, expect a correction toward $2,500 - $2,450. 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.