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 ($2388.85) is below EMA12/26/50 and far below EMA200, with EMA12 < EMA26 confirming downside trend alignment. RSI(14) at 33.95 is near oversold, suggesting selling pressure is extended, but not yet a high-conviction reversal. MACD is still negative (line -47.12), yet the histogram is positive (+5.85) with the MACD line above the signal (-47.12 vs -52.97), indicating bearish momentum is fading and a short-term bounce is possible. Price is also trading close to the lower Bollinger Band ($2365.68) with tight bandwidth (4.2%), consistent with consolidation after a sharp drop (-5.85% 24h). However, volume is very weak (0.26x of 20-period average), so any bounce lacks confirmation and a breakdown risk remains. Given mixed signals (trend bearish, momentum stabilizing) and poor volume, the best play is to wait for confirmation: either reclaim of $2416–$2467 on stronger volume (bullish) or a decisive break below $2365 (bearish). Ideal stop loss if taking a speculative long: $2350; if shorting a breakdown: $2435.
Key Factors
Risk Assessment
Moderate-to-high risk: trend remains bearish and a low-volume market can gap/whipsaw. Key risks are a breakdown below $2365 (lower band/support) or a short squeeze if price reclaims $2416–$2467 quickly.
Market Context
Short-term downtrend within a broader bearish regime (price well below EMA200). Current action looks like consolidation near support after a sharp sell-off, with early signs of momentum stabilization but no confirmed reversal.