#EthereumSecurityInitiative

Scalping Signal Update for Ethereum

Ethereum is exhibiting bullish momentum, making it a favorable asset for scalping strategies. Key technical indicators and market developments include:

Support and Resistance Levels: ETH has established a strong support level at $2,500. Analysts suggest that maintaining this support could pave the way for a move toward the $2,700 mark.

Technical Indicators: The Relative Strength Index (RSI) stands at 68, indicating bullish momentum without reaching overbought territory. The Moving Average Convergence Divergence (MACD) has also turned positive, suggesting sustained upward pressure.

On-Chain Activity: Ethereum has experienced a significant uptick in wallet activity, with over 120,000 new addresses created in the last week. This increase in user engagement supports the bullish outlook.