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 ($2361.85) is below EMA12/26 and well below EMA50/200, confirming a downtrend across multiple timeframes. Momentum remains negative with MACD below signal (histogram -1.38), indicating bearish continuation rather than a confirmed reversal. RSI at 36.18 is near oversold but not deeply washed out, which often leads to choppy bounces rather than reliable trend flips. Price is hovering just above the lower Bollinger Band ($2307) after a sharp selloff to ~$2285 and a rebound; this suggests short-term mean reversion potential, but the bounce lacks confirmation because volume is weak (0.56x avg) and order book shows heavier ask liquidity (18.3 vs 3.75), implying overhead supply. Given mixed near-term signals (oversold/at band support vs bearish trend/momentum), the best action is HOLD and wait for either a higher-low + MACD histogram improvement to buy, or a clean breakdown below $2307 to sell. Ideal stop loss for a long would be ~$2280; for a short, a stop above ~$2420.
Key Factors
Risk Assessment
Moderate-high risk: volatility (ATR ~$43.6) plus bearish trend increases drawdown risk; key risk is a breakdown below $2307 leading to acceleration toward $2250/$2200, while short risk is a squeeze back to $2400-$2420.
Market Context
Bearish market structure with a recent capitulation move to ~$2285 and a weak-volume rebound back toward $2360; overall trend remains down until price reclaims $2420-$2507 zone.