Ethereum (ETH)
1. Price Movement
• ETH is trading around 1,800–1,810 USD. On the 1-hour chart, a double top is observed around 1,820 and a pull-back to 1,800. The volume bar indicates light selling pressure, but buying interest has re-entered at the current price level.
2. Support – Resistance
• Near support: 1,780 USD; strong zone: 1,750–1,760 USD.
• Resistance: 1,820 USD (double top), if broken, it opens the way up to 1,850–1,870 USD.
3. Fundamental Factors
• BlackRock has just added an additional 54 million USD in ETH, bringing its total holdings to 2.06 billion USD, indicating that institutional money is still flowing strongly into this market.
• On-chain data records a spike in whale activity, signaling the potential for significant volatility in the short term.
• The Fear & Greed index is at 65 (Greed), and a technical correction may occur before continuing the overall trend.
4. Scalping Trading Scenario
• Long when 15M closes above 1,820 USD with accompanying volume – target 1,850–1,870, SL 1,800.
• Short when the price breaks below 1,780 USD – target 1,750–1,730, SL 1,800.