Current Price: 2,981
24H Range: 2,920 – 3,189
Market Context: High volatility after a sharp sell-off, with price attempting a short-term recovery from intraday lows.
Technical Structure
Trend (Short-Term): Bearish to neutral
Price vs DEMA 9: ETH is trading below DEMA 9, indicating short-term selling pressure remains.
RSI (14): Near the mid-zone, showing no extreme oversold condition, but momentum is still weak.
Volume: Elevated volume suggests active participation from both sellers and short-covering buyers.
Key Levels
Support Zones
2,980 – 2,950 (intraday pivot)
2,920 (strong demand zone / session low)
Resistance Zones
3,020 – 3,050 (immediate scalp resistance)
3,100 – 3,150 (major rejection area)
Scalping Scenarios
Bullish Scalp (Low Risk)
Entry: Above 3,020 with volume confirmation
Targets: 3,050 → 3,080
Stop Loss: Below 2,990
Bearish Scalp (Trend-Following)
Entry: Rejection near 3,050–3,080
Targets: 3,000 → 2,960
Stop Loss: Above 3,120
Trade Management
Prefer quick in-and-out trades due to unstable momentum.
Avoid over-leverage; volatility remains elevated.
Best results expected during high-liquidity sessions.
Conclusion
ETH is in a corrective phase after recent losses. Scalping opportunities exist, but confirmation is essential. Bias remains sell-on-rejection until price reclaims and holds above 3,100. Discipline and strict risk management are key for consistent results.
This analysis is for educational purposes only, not financial advice.
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