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 with price ($2314.95) below the 12/26/50/200 EMAs (2346/2398/2485/2753), confirming a downtrend and overhead resistance. Momentum is still weak but showing early stabilization: RSI(14) at 33.81 is near oversold (not yet a strong reversal), while MACD remains negative yet the histogram is slightly positive (+0.35) and the MACD line has marginally crossed above the signal, suggesting bearish momentum is fading. Price is hovering just above the lower Bollinger Band ($2279), indicating support proximity but not a confirmed bounce. Recent candles show sharp sell pressure into ~$2285–$2295 followed by choppy consolidation around $2315–$2350. However, volume is extremely low (0.0x vs avg) and the order book is ask-heavy (large liquidity at $2314.7), reducing conviction for a BUY. Best action is to HOLD/stand aside until either a high-volume reclaim of $2380–$2400 or a breakdown below $2279 confirms direction. Ideal stop-loss if long: $2265.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is down and rallies can fail under EMA resistance; key risk is a breakdown below $2279 (lower band) accelerating toward ~$2200. Low reported volume also increases false-signal risk.
Market Context
Bearish market structure with lower highs/lows; current price consolidating near lower Bollinger Band support after a sharp intraday selloff.