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 ($2379) is below the 12/26/50/200 EMAs (2419/2472/2558/2797), confirming a downtrend and overhead resistance stack. Momentum is attempting to stabilize—RSI 38.5 is weak but not yet deeply oversold, while MACD remains negative but the histogram is positive (4.89), suggesting bearish momentum is fading and a short-term bounce is possible. However, the 24h drop (-9.62%) and the break toward the lower Bollinger Band ($2361) indicate strong recent selling pressure and elevated downside risk. Crucially, volume confirmation is missing: current volume is near-zero versus the 20-period average (0.0x), making any signal unreliable and increasing the chance of whipsaw. With price sitting just above lower-band support and ATR ~$29 implying ~$60 daily range, risk/reward is not attractive for a fresh long, while shorting into potential mean reversion is also suboptimal. Ideal stop loss (if long): $2335; if short: $2445.
Key Factors
Risk Assessment
Risk is high due to strong downtrend and recent sharp selloff; key risks are a breakdown below $2361 (lower Bollinger) and continuation toward $2320-$2280. Low volume/liquidity also raises slippage and false-breakout risk.
Market Context
Bearish market structure with a sharp impulse down and price consolidating near lower Bollinger Band support; any rebound likely faces resistance at $2420 (EMA12/mid-band) then $2475-$2558 (upper band/EMA50 zone).