$ETH
• The current price is approximately $1981
• There was a peak at $2199, then a strong downward correction began.
• Now the price is moving in a sideways accumulation area after the drop.
Indicators
EMA
• EMA7 ≈ 1991
• EMA25 ≈ 2019
• EMA99 ≈ 2014
The price is below all moving averages → the short trend is still downward / weak.
RSI
• RSI6 ≈ 30 (close to being oversold)
• RSI12 ≈ 40
This means that the drop may calm down soon, and a rebound could occur.
Important Areas
Support
• $1955 is a near support
• $1905 is strong support
• Breaking $1900 may open a drop to $1850
Resistance
• $2000 is a psychological resistance
• $2020 is strong resistance (EMA25)
• $2085, if breached, may bring back the rise
Expected Scenario
The most likely scenario:
• Fluctuation between $1950 – $2020
Upward Scenario:
• Breaking $2020
• Targets:
• $2050
• $2085
• $2120
Downward Scenario:
• Breaking $1955
• Targets:
• $1920
• $1905
Advice for Short Trading (Scalping)
If you are trading with contracts:
Potential Buy
• Entry: $1960 – $1970
• Target: $2000 – $2020
• Stop Loss: $1945
Sell
• If it fails to break $2000
• The current price is approximately $1981
• There was a peak at $2199, then a strong downward correction began.
• Now the price is moving in a sideways accumulation area after the drop.
Indicators
EMA
• EMA7 ≈ 1991
• EMA25 ≈ 2019
• EMA99 ≈ 2014
The price is below all moving averages → the short trend is still downward / weak.
RSI
• RSI6 ≈ 30 (close to being oversold)
• RSI12 ≈ 40
This means that the drop may calm down soon, and a rebound could occur.
Important Areas
Support
• $1955 is a near support
• $1905 is strong support
• Breaking $1900 may open a drop to $1850
Resistance
• $2000 is a psychological resistance
• $2020 is strong resistance (EMA25)
• $2085, if breached, may bring back the rise
Expected Scenario
The most likely scenario:
• Fluctuation between $1950 – $2020
Upward Scenario:
• Breaking $2020
• Targets:
• $2050
• $2085
• $2120
Downward Scenario:
• Breaking $1955
• Targets:
• $1920
• $1905
Advice for Short Trading (Scalping)
If you are trading with contracts:
Potential Buy
• Entry: $1960 – $1970
• Target: $2000 – $2020
• Stop Loss: $1945
Sell
• If it fails to break $2000
