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 at $2397.75 remains in a clear bearish structure: price is below EMA12 ($2420), EMA26 ($2468), EMA50 ($2553) and far below EMA200 ($2793), confirming a downtrend and overhead resistance stack. RSI 45.13 is neutral-to-bearish (not oversold), so there’s limited mean-reversion edge for a high-conviction long. MACD is still negative (line -47.96) but the histogram is positive (+6.62) with the MACD line above the signal (less negative), suggesting bearish momentum is fading and a short-term bounce is possible. Bollinger Bands are tight (4.09% bandwidth) with price near the lower half (lower band $2367.87), implying compressed volatility and potential for a move, but direction is not confirmed. Volume is very weak (0.29x of 20-period average) and the order book shows heavier ask liquidity than bid, reducing confidence in a sustained upside breakout. Ideal trade plan: stay flat or maintain existing exposure; if forced, use a tight risk framework—stop loss for a long would be below $2365; stop loss for a short would be above $2467.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and 24h drawdown (-8.75%) signals elevated downside tail risk; low liquidity/volume can cause sharp whipsaws around $2368 support and $2467 resistance.
Market Context
Downtrend with potential short-term stabilization: support zone near $2368 (lower Bollinger) and resistance cluster $2417-$2467 (BB mid + EMA12/EMA26). A break below $2368 risks continuation; reclaiming $2467 would be the first meaningful trend improvement.