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 ($2337.95) is below EMA12 ($2361.55), EMA26 ($2413.32), EMA50 ($2499.99) and far below EMA200 ($2762.11), confirming a downtrend with overhead resistance stacked tightly from $2360–$2500. Momentum remains negative: RSI(14) at 34.29 is near oversold but not yet showing a strong reversal trigger, while MACD is still below the signal (histogram -0.5), implying bearish momentum persists despite some slowing. Price action shows a sharp selloff into $2285–$2300 followed by a bounce to ~$2350, but the rebound occurred on low participation (volume ratio 0.5x), weakening the bullish case. Bollinger Bands place price near the lower band ($2298.97), suggesting short-term mean reversion potential, yet without volume confirmation and with MACD still negative, conviction for a BUY is insufficient. Ideal stop loss if taking a tactical long would be below $2280; for a short, invalidation is above $2415.
Key Factors
Risk Assessment
Moderate-to-high risk: ATR ~$44.5 implies ~$90 daily swing potential; trend is bearish so longs face drawdown risk, while shorts risk a sharp oversold squeeze near $2300 support.
Market Context
Downtrend with a recent capitulation leg into the $2285–$2300 support zone and a weak bounce; market remains below key moving averages and momentum is still negative.