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 ($2317.65) is below EMA12 ($2335), EMA26 ($2385), EMA50 ($2471), and far below EMA200 ($2744), confirming a downtrend with overhead resistance. However, momentum is showing early stabilization signals: RSI(14) at 32.67 is near oversold, and MACD histogram has turned positive (+3.39) with the MACD line (-49.72) above the signal (-53.10), suggesting bearish momentum is waning and a short-term bounce is possible. Bollinger Bands place price near the lower half of the range (lower band $2266), implying limited immediate downside before support, but not a confirmed reversal. Recent candles show sharp selloff followed by choppy consolidation around $2280–$2350. Critically, volume is effectively absent (0.01 vs 20-period avg ~34.8k), and the order book is ask-heavy, so signals lack confirmation. Given mixed momentum vs trend and poor volume confirmation, the best action is to HOLD and wait for either a breakdown below $2266 support or a reclaim of $2366–$2385 with volume. Ideal stop loss (if long) would be $2255.
Key Factors
Risk Assessment
Moderate-high risk: trend remains bearish and a break below $2266 could accelerate downside; low liquidity/volume increases slippage and false-signal risk. Key levels: support $2266 then $2200; resistance $2366–$2385.
Market Context
Short-term consolidation after a sharp drop within a broader bearish market structure; potential dead-cat bounce risk but no confirmed reversal without reclaiming mid-band/EMA26 on volume.