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 attempting a short-term stabilization near $2431 after a sharp -7.9% 24h drop, but the broader structure remains bearish. Price is below the EMA26 ($2482.9), EMA50 ($2567.1) and far below EMA200 ($2801.4), indicating the dominant trend is still down. MACD is improving (histogram +10.49 with MACD line above signal), suggesting bearish momentum is fading and a relief bounce is possible, but this is not yet a confirmed trend reversal. RSI at 66.15 is elevated for a bearish regime and not oversold, reducing the quality of a dip-buy entry. Bollinger Bands show price sitting at the mid-band (~$2430) with the upper band near $2500 acting as immediate resistance; bandwidth at 5.77% implies moderate volatility. Volume is extremely low versus average (0.0x), so the latest uptick lacks confirmation and increases the risk of a false bounce. Ideal stop loss for any opportunistic long would be ~$2360 (lower band/support).
Key Factors
Risk Assessment
Moderate-to-high risk: strong recent selloff and bearish trend overhead; low liquidity/volume increases slippage and whipsaw risk. Key downside risk is a breakdown below $2405–$2360 support zone.
Market Context
Primary downtrend with a potential short-term relief bounce/consolidation around the Bollinger mid-band (~$2430); resistance clustered at $2483–$2500 and higher at $2567.