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 trading at $2370.45 after a sharp -6.42% 24h drop, with price below the 12/26/50/200 EMAs (2407/2455/2539/2785), confirming a bearish market structure and strong overhead resistance. However, momentum is attempting to stabilize: RSI(14) at 30.65 is near oversold, and MACD remains negative but the histogram is positive (+4.01) with the MACD line (-47.74) above the signal (-51.75), suggesting bearish momentum is waning and a short-term bounce is possible. Price is also hugging the lower Bollinger Band (2362.49) with tight bandwidth (4.4%), often preceding a volatility expansion; direction is unclear without confirmation. Volume is weak (0.28x of 20-period average), reducing conviction for a reversal BUY and also making a breakdown SELL less attractive at current support. Ideal stop loss for any tactical long attempt would be below $2350 (≈0.6–0.7 ATR under the lower band), while a bearish continuation would be confirmed on a clean break and hold below $2360.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and volatility can expand from tight Bollinger Bands; downside risk increases on a sustained break below ~$2360, while upside is capped by EMA12/EMA26 resistance.
Market Context
Bearish market structure with price pressing key support near the lower Bollinger Band (~$2362) after a steep selloff; potential for a dead-cat bounce, but trend remains down unless reclaiming ~$2415–$2455.