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 ($2313) is below EMA12/26/50/200 (2360/2417/2505/2766), confirming a downtrend and overhead resistance stack. Momentum remains negative with MACD line below signal (histogram -4.85), implying selling pressure is still dominant and the move has not yet transitioned to a bullish reversal. However, RSI(14) at 24.08 is deeply oversold and price is pressing the lower Bollinger Band ($2298), suggesting downside may be increasingly limited near-term and a mean-reversion bounce is possible. The key issue is confirmation: recent selloff candles had heavy volume, but the latest reported volume is extremely low (0.0x vs avg), and the order book shows a large ask wall (320.99) versus small bid (3.11), which can cap rebounds. Given conflicting signals (oversold bounce risk vs bearish trend), the highest-probability play is to wait for either a reclaim of EMA12/26 (~2360–2417) or a clean breakdown below ~$2298 with volume. Ideal stop loss for a speculative long would be ~$2265; for a short, a protective stop would be ~$2420.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and volatility (ATR ~$39.9) can produce sharp whipsaws; oversold conditions increase short-squeeze risk, while a break below ~$2298 could accelerate drawdown toward the low-$2200s.
Market Context
Bearish market structure with declining momentum; price is compressing near the lower Bollinger Band and below a downward EMA stack, indicating a sell-the-rallies environment unless key EMAs are reclaimed.