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 at $2349.95 remains in a clear bearish structure: price is below EMA12 ($2363), EMA26 ($2414), EMA50 ($2500) and far below EMA200 ($2762), indicating persistent downside trend and overhead resistance. Momentum is weak but stabilizing: RSI(14) at 35.75 is near oversold (not extreme), suggesting selling pressure may be tiring but not yet a high-conviction reversal. MACD is still negative (line -50.82) yet the histogram is slightly positive (+0.33) with the MACD line marginally above the signal, hinting at a short-term bullish inflection. Price action shows a sharp selloff to ~$2285 followed by a bounce back above the lower Bollinger band ($2300.82), which supports a potential mean-reversion attempt toward the mid-band ($2394.75). However, volume is extremely low versus average (0.0x) and the order book is ask-heavy, so the bounce lacks confirmation. Best plan is to HOLD/stand aside until either a reclaim of $2395–$2415 on improving volume (bullish) or a breakdown below $2300 (bearish). Ideal stop loss for a tactical long (if taken) would be ~$2280.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is down and volatility is meaningful (ATR ~$42.7). Key risks are a renewed breakdown below $2300 and failed bounce due to lack of volume confirmation; upside attempts likely face resistance at $2395–$2415.
Market Context
Bearish primary trend with a short-term relief bounce from the lower Bollinger Band after a sharp intraday selloff; currently consolidating below key resistance (mid-band/EMA26 zone).