ETH/USDT – Short Term Update 🔥
$ETH is currently trading around $1,937 on the 15m timeframe. After bouncing from the $1,907 support zone, price is showing short-term recovery and holding above MA(7) & MA(25).
However, ETH is still trading below the MA(99) near $1,950, which is acting as dynamic resistance. Sellers are still active in the order book, so caution is required.
Bullish Scenario 📈
If ETH breaks and holds above $1,950, we could see a move toward $1,965–$1,980.
Bearish Scenario 📉
If price drops below $1,930, a retest of $1,910–$1,907 support is possible. A breakdown from there may push ETH toward $1,885.
Trade Setup (Scalp Idea):
Entry: $1,930–$1,935
TP1: $1,950
TP2: $1,965
SL: $1,905
Trade smart and wait for volume confirmation.
ETH
1,896.37
+3.67%