ETH
HOLDConfidence Score
Signal Analysis
🎯 Take Profit Target
This is the primary price target for executing your trade. Place your take profit order at this level for optimal risk/reward based on current technical analysis.
Price Forecasts
Detailed Reasoning
ETH at $2741.4 is sitting near the Bollinger midline ($2738.88) with tight bandwidth (2.7%), signaling consolidation rather than a clean trend entry. Momentum is mixed: RSI 48.64 is neutral (no oversold edge), while MACD remains negative (line -30.68) but the histogram is positive (+7.68) and MACD is above the signal (-38.36), suggesting bearish momentum is fading and a potential short-term rebound is developing. However, the broader structure is still bearish: price is below EMA26 ($2768), EMA50 ($2819) and especially EMA200 ($2929), keeping rallies vulnerable to rejection. Recent candles show a sharp dip to $2634.9 followed by a strong recovery on high volume, implying demand near the lower band/support zone ($2702) but also elevated volatility (ATR $41). With overhead resistance clustered at $2765–$2776 (recent highs + upper band), risk/reward for a fresh long is not yet compelling; wait for a confirmed reclaim of EMA26/upper band or a breakdown below $2700.
Key Factors
Risk Assessment
Moderate risk: volatility elevated (ATR ~$41) and price recently wicked to $2635, so stop-outs are possible. Key risks are rejection at $2765–$2776 and a breakdown below $2700 leading to a retest of $2635.
Market Context
Bearish broader trend with short-term stabilization/consolidation around $2735–$2745 after a high-volume flush and bounce; resistance overhead at $2765–$2820, support at $2700 then $2635.