Scalping & Mid-Term Analysis for Ethereum
Market Overview:
Trend: Ethereum is currently in a weak consolidation after a sharp drop, forming a bearish flag pattern.
Key Levels:
Resistance: ~$2,800 - $2,830
Support: ~$2,645 - $2,700
Indicators:
MACD: Weak momentum, indicating lack of bullish confirmation.
EMA: Price is below the 50 EMA, confirming continued bearish sentiment.
Volume: Declining, meaning low confidence in recovery.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Current Conditions)
Why? Ethereum is trading in a tight range after a dump, indicating no clear direction yet.
How?
Buy near $2,645 - $2,700
Sell near $2,800 - $2,830
Stop-loss below $2,640, as a breakdown could accelerate.
🩸 2. Breakout Scalping (If Trend Resumes)
Trigger: Break above $2,830 or below $2,645.
Execution:
If Ethereum breaks $2,830, scalp long targeting $2,880 - $2,900.
If Ethereum drops below $2,645, scalp short targeting $2,580 - $2,550.
🩸 3. EMA Scalping
Why? Ethereum is struggling to reclaim the 50 EMA, which acts as dynamic resistance.
Execution:
Sell on EMA rejection (~$2,750 - $2,770).
Buy only if Ethereum reclaims EMA and shows bullish confirmation.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Sideways
Why?
Bearish flag formation, indicating possible continuation of downward trend.
Failure to break resistance at $2,800 - $2,830 signals weak buyers.
Ethereum risks dropping to $2,550 - $2,500 if sellers gain control.
Only above $2,850, bullish momentum can return.
🔥 News & Market Context:
Lack of strong bullish catalysts, meaning Ethereum lacks buying pressure.
No major liquidation events, so market makers may hunt stop-losses below $2,645 before reversal.
Watch BTC correlation, as Bitcoin’s movement will directly affect Ethereum’s price action.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping is possible, but only within the current range.
🩸 Mid-term: Bearish unless Ethereum breaks $2,830+ with strong volume.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs until confirmation.
👑 Final Verdict:
Ethereum remains weak. If it fails to break $2,830, expect a test of $2,550 - $2,500. 🔥
Trend: Ethereum is currently in a weak consolidation after a sharp drop, forming a bearish flag pattern.
Key Levels:
Resistance: ~$2,800 - $2,830
Support: ~$2,645 - $2,700
Indicators:
MACD: Weak momentum, indicating lack of bullish confirmation.
EMA: Price is below the 50 EMA, confirming continued bearish sentiment.
Volume: Declining, meaning low confidence in recovery.
🔥 Scalping Strategy:
🩸 1. Range Scalping (Current Conditions)
Why? Ethereum is trading in a tight range after a dump, indicating no clear direction yet.
How?
Buy near $2,645 - $2,700
Sell near $2,800 - $2,830
Stop-loss below $2,640, as a breakdown could accelerate.
🩸 2. Breakout Scalping (If Trend Resumes)
Trigger: Break above $2,830 or below $2,645.
Execution:
If Ethereum breaks $2,830, scalp long targeting $2,880 - $2,900.
If Ethereum drops below $2,645, scalp short targeting $2,580 - $2,550.
🩸 3. EMA Scalping
Why? Ethereum is struggling to reclaim the 50 EMA, which acts as dynamic resistance.
Execution:
Sell on EMA rejection (~$2,750 - $2,770).
Buy only if Ethereum reclaims EMA and shows bullish confirmation.
🔥 Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish → Sideways
Why?
Bearish flag formation, indicating possible continuation of downward trend.
Failure to break resistance at $2,800 - $2,830 signals weak buyers.
Ethereum risks dropping to $2,550 - $2,500 if sellers gain control.
Only above $2,850, bullish momentum can return.
🔥 News & Market Context:
Lack of strong bullish catalysts, meaning Ethereum lacks buying pressure.
No major liquidation events, so market makers may hunt stop-losses below $2,645 before reversal.
Watch BTC correlation, as Bitcoin’s movement will directly affect Ethereum’s price action.
🔥 Decision: Enter or Stay Out?
🩸 Short-term: Scalping is possible, but only within the current range.
🩸 Mid-term: Bearish unless Ethereum breaks $2,830+ with strong volume.
🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs until confirmation.
👑 Final Verdict:
Ethereum remains weak. If it fails to break $2,830, expect a test of $2,550 - $2,500. 🔥
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.