$ETH The price is currently at $2,520, fluctuating within a narrow channel between 2,480 and 2,537. This is ideal for scalping, as quick bounces can be capitalized on within this range.
A buy entry would be if the price returns to 2,515–2,520, with confirmation of a bounce from the lower Bollinger Band or VWAP support.
Possible targets are 2,535 as the first target, 2,545 as the second target, and an expansion to 2,570 is possible if the positive momentum continues.
A suitable stop loss is placed below 2,510 to reduce risk.
Supporting Indicators:
– RSI near 40–45 and starting to rise
– Bollinger Bands show a price decline from the lower band
– Volume is gradually improving with a bullish breakout on small candles
