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 ($2414.65) is below EMA12 ($2442), EMA26 ($2498), EMA50 ($2585) and far below EMA200 ($2813), confirming a downtrend with overhead supply. However, momentum is attempting to stabilize—MACD remains negative but the histogram is positive (+10.94), suggesting bearish momentum is fading and a short-term bounce is possible. RSI at 54 is neutral (not oversold), so there is no high-conviction mean-reversion BUY yet. Bollinger Bands show price near the lower half of the range (lower band $2314), implying downside room remains if support breaks. The 24h drop (-8.66%) increases volatility risk, and volume is weak (0.32x of 20-period average), meaning any rebound lacks confirmation. Order book shows heavier ask size than bid at the top, reinforcing near-term resistance. Ideal plan: stay flat or maintain existing position; for a tactical long, wait for reclaim of $2456–$2498 with rising volume. If already long, consider a protective stop loss around $2385.
Key Factors
Risk Assessment
Moderate-to-high risk due to recent -8.66% selloff, price below key EMAs, and weak volume confirmation. Key risks: breakdown below ~$2400 leading to a move toward the $2314 lower band; failed bounce into $2456–$2500 resistance.
Market Context
Bearish market structure with a potential short-term relief bounce; trend remains down until ETH reclaims the $2456–$2500 zone and holds above EMA12/EMA26 with stronger volume.