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 ($2403.85) is below EMA12 ($2417), EMA26 ($2463), EMA50 ($2547) and far below EMA200 ($2789), confirming a downtrend with overhead resistance stacked from $2417–$2467. Momentum is attempting to stabilize: RSI(14) at 38.19 is weak but not yet deeply oversold, while MACD remains negative (line -45.92) but has crossed above the signal (-52.84) with a positive histogram (+6.92), suggesting bearish momentum is fading and a short-term bounce is possible. Bollinger Bands are tight (4.1% bandwidth) with price near the lower band ($2367.67), indicating compression after a selloff and potential mean reversion, but confirmation is lacking. Volume is extremely low (0.12x of 20-period average), weakening the reliability of any reversal signal. Order book shows heavy ask size at best ask, implying near-term selling pressure. Ideal stop loss if initiating a tactical long would be ~$2365 (below lower band/near recent lows), but without volume confirmation, waiting is favored.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is down and rallies can fail at $2417–$2467; low volume increases whipsaw risk. Key downside risk is a break below ~$2368 leading to acceleration toward ~$2320–$2280.
Market Context
Short-term bearish market structure with compression near the lower Bollinger Band; potential dead-cat bounce/mean reversion exists but lacks volume confirmation and remains within a broader downtrend.