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 ($2337) is below EMA12/26/50 and far below EMA200, confirming a broader downtrend. Momentum remains negative with MACD line below signal and a negative histogram (-0.54), suggesting downside pressure hasn’t fully exhausted. However, RSI(14) at 34.22 is nearing oversold, and price is trading close to the lower Bollinger Band ($2298.9), which often precedes short-term mean reversion bounces. Recent candles show a sharp selloff into $2285–$2300 followed by a rebound toward $2350, but the bounce lacks conviction: current volume is only 0.35x the 20-period average, implying weak dip-buying demand. With ATR ~$44.5, near-term volatility is moderate; support is $2298–$2285, while resistance sits at the BB mid/EMA12 zone ($2394–$2361) and then $2413. Given oversold proximity but weak volume and bearish trend, risk/reward is not attractive for a fresh BUY, and a SELL here is late without a breakdown confirmation. Ideal stop reference: if long, $2275; if short, $2415.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and rallies can fail quickly; downside risk increases on a clean break below $2285–$2298, while shorting risk rises if price reclaims $2394–$2413 on stronger volume.
Market Context
Downtrend with a recent capitulation-style dip into $2285–$2300 and a weak-volume rebound; market remains below key resistance bands and moving averages.