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 ($2314) is below the 12/26/50/200 EMAs (2381/2435/2522/2775), confirming a strong downtrend and overhead resistance. Momentum is still negative with MACD below signal (histogram -3.29), so a sustained reversal is not yet confirmed. However, RSI(14) at 22.36 is deeply oversold and price is trading near/under the lower Bollinger Band (lower $2329.7), which often precedes mean-reversion bounces—especially after the sharp sell impulse from ~2430 to ~2285 with elevated volume (notably 14:00–15:00). Volume ratio at 1.28x suggests participation but not capitulation. Given conflicting signals (oversold bounce potential vs. trend/momentum still bearish), the best risk-managed stance is HOLD: avoid chasing shorts into oversold conditions, and wait for confirmation (e.g., MACD histogram improving and reclaim of ~$2380–$2410). Ideal stop loss for a tactical long (if taken) would be below $2280; for any remaining longs, a protective stop below $2280 is prudent.
Key Factors
Risk Assessment
Risk is high due to strong downtrend and elevated volatility (ATR ~$40). Key risks: continuation breakdown below $2285/$2280 support and failed mean-reversion bounce; overhead resistance cluster at $2380–$2410 could cap rallies.
Market Context
Bearish market structure with lower highs/lows; current move looks like a sharp sell-off into potential short-term exhaustion near support, but no confirmed reversal yet.