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 ($2316) is below EMA12/26 (2346/2398) and well below EMA50/200 (2485/2753), confirming a downtrend and overhead resistance. However, short-term momentum is showing early stabilization rather than a clean continuation breakdown. RSI(14) at 34 is near oversold, suggesting selling pressure may be getting exhausted. MACD remains negative but the histogram is positive (+0.43) with the MACD line slightly above the signal, indicating a nascent bullish momentum shift (potential relief bounce) even though the broader trend is still down. Price is also trading close to the lower Bollinger Band (2279), which often acts as near-term support in mean-reversion moves. That said, volume is weak (0.55x average), reducing confidence in any reversal and increasing the risk of another leg down if $2280 fails. Ideal trade management: if already long, consider a protective stop loss around $2265; if flat, wait for either a reclaim of $2380–$2400 on stronger volume (buy setup) or a decisive break below $2279 (sell setup).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and volatility is elevated (ATR ~$46). Key risks are a breakdown below $2280 (lower BB) toward the low $2200s, and failed bounces into $2380–$2400 resistance due to weak volume.
Market Context
Bearish market structure with lower highs/lows; current price consolidating near lower Bollinger Band support after a sharp drop, showing tentative stabilization but no confirmed reversal.