Ethereum 2-21

🔥 Market Overview:
Trend: Ethereum is maintaining a short-term uptrend, trading above the 200 EMA but facing local resistance.
Key Levels:
Resistance: $2,770 – Previous rejection level, critical for further upside.
Support: $2,740 – EMA 200 support, must hold for continuation.
Indicators:
EMA 200: Price is above it, signaling bullish strength.
MACD: Weak bullish momentum, potential consolidation before next move.
RSI: 59 – Slightly bullish, but not yet overbought.
🔥 Scalping Strategy:
🩸 1. Range Scalping

Buy near: $2,740, targeting $2,765.
Sell near: $2,770, targeting $2,785.
Stop-loss below: $2,725.
🩸 2. EMA Scalping

Long entries near: 200 EMA ($2,740).
Exit at: $2,770 resistance.
🩸 3. Momentum Scalping

If Ethereum breaks above $2,770 with volume, enter long towards $2,800.
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If Ethereum breaks $2,770, expect an upward push to $2,800+.
A rejection could lead to consolidation between $2,740 - $2,770 before the next move.
🔥 News & Market Context:
No significant bearish news, market is following Bitcoin’s strength.
ETF narratives and institutional buying continue to provide support.
Low volatility phase—expect a breakout soon.
🔥 Decision:
🩸 Short-term: Range scalping between $2,740 - $2,770 is viable.
🩸 Mid-term: Needs a breakout above $2,770 for continuation.
🩸 Ideal Play: Buy dips around $2,740 with a tight stop-loss.

👑 Final Verdict:
Ethereum is on the edge of a breakout but needs to hold above $2,740 to sustain momentum. Scalping within the range is the safest bet until a decisive breakout above $2,770.

🔥 "The patient warrior waits for the enemy to reveal his weakness. The wise trader waits for the breakout before striking." 👑