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 bearish structure: price ($2446.75) is below the 12/26/50/200 EMAs (2456.93/2518.74/2606.58/2825.01), confirming a downtrend with overhead resistance stacked from ~$2460 to $2520 and higher. However, short-term momentum is attempting to stabilize: RSI(14) at 32.44 is near oversold and MACD histogram is positive (+15.23) with the MACD line (-61.81) above the signal (-77.05), suggesting bearish momentum is waning and a relief bounce is possible. Bollinger positioning (price below mid-band $2490.48, above lower band $2299.87) implies room for mean reversion, but the 24h drop (-9.3%) raises drawdown risk and supports remain vulnerable. Crucially, volume is extremely weak (0.12x of 20-period average), so there’s no confirmation for a durable reversal; the recent bounce from ~$2370–2380 lacks participation. Best setup is to wait: either a high-volume reclaim of $2490–2520 for a BUY, or a breakdown below ~$2370 for a SELL. Ideal stop loss if taking a speculative long: $2365.
Key Factors
Risk Assessment
Risk is elevated due to strong downtrend, recent -9.3% impulse move, and thin participation; key risks are a continuation breakdown below ~$2370 and volatility spikes (ATR ~$57.7).
Market Context
Bear market structure with lower highs/lows; minor stabilization after a sharp selloff, but still trading below the Bollinger mid-band and all major EMAs.