$ETH Based on the current chart, the price is $2,387.01 and is trading below the MA60 moving average at $2,389.38, indicating short-term weakness.
I don't recommend buying immediately before a clear rebound signal appears, especially since the short-term trend is downward.
Suggested scalping plan
Conditional entry: $2,389–$2,391
First target: $2,396
Second target: $2,403
Stop loss: $2,383
Trade duration: 15–60 minutes
Entry condition: A 5-minute candle closes above $2,391, followed by a retest of the level and a hold above it.
If the price breaks below $2,383 before entry, cancel the trade and monitor the $2,373 area.
I don't recommend buying immediately before a clear rebound signal appears, especially since the short-term trend is downward.
Suggested scalping plan
Conditional entry: $2,389–$2,391
First target: $2,396
Second target: $2,403
Stop loss: $2,383
Trade duration: 15–60 minutes
Entry condition: A 5-minute candle closes above $2,391, followed by a retest of the level and a hold above it.
If the price breaks below $2,383 before entry, cancel the trade and monitor the $2,373 area.