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 $2706.35 is in a bearish structure: price is below EMA12 ($2720), EMA26 ($2750), EMA50 ($2802) and EMA200 ($2921), confirming a downtrend with overhead resistance stacked above. RSI 46.84 is neutral-to-bearish (not oversold), so there’s no strong mean-reversion BUY edge yet. MACD remains negative (line -30.23), but the histogram is positive (+3.36) and the line is above the signal, suggesting bearish momentum is easing and a short-term bounce is possible. Bollinger Bands are tight (2.69% bandwidth) with price near the lower band ($2691), implying potential for a volatility expansion; however, direction is uncertain. Recent candles show sharp sell pressure (drop to $2665) and a deep wick to $2634.9, followed by weak follow-through. Volume is very low (0.19x), reducing signal quality and increasing whipsaw risk. Ideal stop loss if attempting a tactical long: $2630; if shorting breakdowns: $2765.
Key Factors
Risk Assessment
Moderate-to-high risk: bearish trend and low liquidity/volume increase downside continuation and false-breakout probability. Key risk is a breakdown below $2690/$2665 toward $2635.
Market Context
Short-term bearish market structure with lower highs; price consolidating near lower Bollinger Band support (~$2691) after a sharp intraday selloff, with momentum stabilizing but not reversing.