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 ($2428.85) is below EMA12/26/50/200 (2452/2512/2599/2821), confirming a downtrend with overhead resistance stacked tightly. However, momentum is showing early stabilization: RSI(14) at 30.81 is near oversold and MACD histogram is positive (+14.38) with the MACD line (-59.48) above the signal (-73.86), suggesting bearish momentum is easing and a short-term bounce is possible. Price is also below the Bollinger mid ($2479.55) but above the lower band ($2301.53), leaving room for mean reversion toward 2475–2520. The problem is confirmation: volume is extremely weak (0.19x of 20-period average) after a -9.78% 24h drop, so any bounce lacks participation and is prone to failure. With mixed signals (oversold + improving MACD vs. strong bearish trend/EMAs), best action is to HOLD and wait for either a reclaim of $2480–$2520 on rising volume (bullish) or a breakdown toward $2300 (bearish). Ideal stop loss for a speculative long would be ~$2295 (below lower band/support).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and volatility is elevated (ATR ~$57). Key risks are a continuation leg down to the $2300 area and failed bounce attempts due to weak volume; resistance is heavy at $2480–$2520.
Market Context
Downtrend/late-selloff phase: price is attempting to stabilize after a sharp 24h decline, but remains below key trend EMAs and under the Bollinger midline, indicating bearish control despite early momentum improvement.