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 ($2392) is below the 12/26/50/200 EMAs (2439/2497/2585/2813), confirming a downtrend and overhead supply on any bounce. Momentum is attempting to stabilize, but not enough to justify a BUY: RSI 47 is neutral (not oversold), while MACD remains below zero; the positive histogram (+9.36) suggests bearish momentum is fading, yet it is still a counter-trend signal. Price is also below the Bollinger midline ($2455) and closer to the lower band ($2311), implying mild mean-reversion potential but not a confirmed reversal. The last hours show lower lows into $2392 after a failed rebound toward $2470, and volume is very weak (0.25x average), which reduces confidence in any bounce. Given the -9.5% 24h drop and low participation, the higher-probability play is to stay flat or maintain an existing position with tight risk controls. Ideal stop loss for any tactical long attempt would be below $2310 (lower band/support).
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and volatility is elevated (ATR ~$46) after a sharp 24h selloff; key risk is continuation toward $2310 and then $2200 if support breaks. Upside risk for shorts is a squeeze back to the $2455–$2500 resistance zone.
Market Context
Bearish market structure with price making lower lows and trading beneath major moving averages; current action looks like weak consolidation after a sharp drop rather than a confirmed reversal.