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 ($2320) is below the 12/26/50/200 EMAs (2353/2405/2492/2758), confirming a sustained downtrend and overhead supply. Momentum is still negative with MACD below zero and the histogram slightly negative (-0.63), suggesting bearish pressure persists even if downside momentum is slowing. RSI at 33.7 is near oversold, and price is sitting close to the lower Bollinger Band ($2287.8), which often precedes short-term bounces; however, the rebound attempt failed quickly (hourly spike to ~$2376 sold back), indicating weak follow-through. Volume is notably low (0.29x of 20-period average), so any bounce signal lacks confirmation and increases the risk of a continuation flush. Key support is $2285–$2290 (recent low/lower band); a breakdown could accelerate toward ~$2200. Resistance is $2387–$2405 (BB mid/EMA26). Given mixed near-term mean-reversion potential but dominant bearish trend, staying flat/maintaining is preferred. Ideal stop-loss if long: $2275; if short: $2410.
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and a break below $2285 could trigger a fast selloff; low volume increases whipsaw risk and reduces reliability of bounce signals.
Market Context
Bearish market structure with lower highs/lows; price consolidating near lower Bollinger Band support after a sharp intraday selloff, with overhead resistance clustered at $2387–$2405.