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. 🔥
