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 ($2409.65) is below EMA12 ($2422), EMA26 ($2469), EMA50 ($2553) and far below EMA200 ($2793), confirming a downtrend and overhead supply. However, momentum is showing early stabilization rather than a clean continuation: RSI 47.82 is neutral (not oversold), while MACD remains negative but the histogram is positive (+7.47) with the MACD line above the signal (less negative), implying bearish momentum is fading and a short-term bounce is possible. Bollinger Bands are tight (4.03% bandwidth) with price near the lower half of the band range (lower $2369, mid $2418), suggesting compression after the -8.3% 24h drop and potential mean reversion, but not enough confirmation for a BUY. Volume is extremely low versus average (0.0x), so the latest prints lack conviction and increase false-signal risk. Ideal stop loss if long: $2365 (below lower band/support); if short: $2468 (near upper band/EMA26).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and overhead resistance is dense (EMA12/26 and BB mid). Low liquidity/volume raises slippage and whipsaw risk; a breakdown below ~$2369 could accelerate drawdown.
Market Context
Downtrend with short-term consolidation/compression after a sharp 24h selloff; potential dead-cat bounce toward $2418-$2466 but broader structure remains bearish until reclaiming EMA26/50.