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 is in a clear short-term downtrend: price ($2650) trades below the 12/26/50/200 EMAs (2679/2709/2758/2895), confirming bearish market structure and overhead resistance. Momentum remains negative as MACD is below signal (histogram -2.7) and both are deeply negative, suggesting the sell-pressure hasn’t fully exhausted. RSI 37.3 is weak but not yet oversold, so a high-conviction mean-reversion BUY is premature. Price is sitting just above the lower Bollinger Band (2644) after a sharp impulse sell candle (08:00 low 2606.7) followed by a modest bounce—this hints at near-term support but not a confirmed reversal. Volume is the key issue: current volume is only 0.12x the 20-period average, so the bounce lacks participation and increases the risk of another leg down. Given mixed signals (support proximity vs. bearish trend/weak volume), best action is HOLD/avoid new longs until a reclaim of 2698–2708 or a bullish MACD/RSI divergence appears. Ideal stop loss if attempting a tactical long: $2605.
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and volume is weak, so support at 2644/2607 can fail quickly. Volatility is moderate (ATR ~$23), but a breakdown could accelerate toward prior lows; tight risk controls are required.
Market Context
Bearish market structure with lower highs/lower lows; current price is attempting to stabilize near lower Bollinger support after a sharp sell-off, but remains below key moving averages and resistance at 2698–2710.