📊 ETHUSDT Technical Analysis | Short-Term Scalping Outlook 🚀
Ethereum (ETH) has shown a strong recovery from the $1920 support zone and is currently trading near $1960. This bounce suggests short-term bullish momentum, but overbought indicators are also signaling a possible pullback before the next move.
🔍 Technical Indicators Breakdown
📈 Moving Averages (EMA 7, 25, 99)
Price is trading above all key EMAs, indicating short-term bullish strength. The EMA support zone is located around $1950 – $1940.
⚡ RSI (6) ≈ 65
RSI remains above 50, confirming bullish momentum. However, being close to the overbought zone suggests a potential short-term correction.
🔄 Stochastic RSI ≈ 86 – 88
Stoch RSI is in the overbought region, which often leads to temporary price pullbacks or rejection near resistance levels.
📊 OBV (On-Balance Volume)
OBV is trending upward, showing that buying pressure is supported by volume and the current move is not weak.
🧱 Key Support & Resistance Levels
🟢 Support Zones:
• $1950 – $1940
• Major support: $1920
🔴 Resistance Zones:
• $1980 – $2000
• A breakout above $2000 could trigger a strong bullish continuation 📈
⚡ Scalping Trading Plan
🟢 Long (Buy) Setup:
Buy near support: $1950 – $1945
🎯 Target: $1975 – $1990
🛑 Stop Loss: Below $1925
🔴 Short (Sell) Setup:
Sell near resistance: $1980 – $2000
🎯 Target: $1960 – $1950
🛑 Stop Loss: Above $2010
📌 Market Outlook
The short-term trend is bullish, but overbought indicators suggest caution. The best approach for now is range scalping until a clear breakout or breakdown occurs:
✅ Break above $2000 → bullish continuation
❌ Break below $1920 → bearish pressure may increase
⚠ Risk Management Reminder
Crypto markets are highly volatile ⚠
✔ Always use stop-loss
✔ Avoid high leverage
✔ Do not trade blindly during major news events
$BTC ✨ Conclusion
ETH is showing short-term bullish recovery, but resistance rejection remains a risk. Traders should focus on buying near support and selling near resistance until a confirmed breakout happe
$ETH #bullish #bearish