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 at $2309 is in a clear bearish structure: price is below EMA12 ($2324), EMA26 ($2376), EMA50 ($2463) and far below EMA200 ($2739), confirming a downtrend with overhead resistance stacked above. RSI(14) at 40 is weak but not oversold, suggesting downside pressure can persist without an immediate mean-reversion bounce. MACD remains negative, but the histogram is positive (+2.18) with the MACD line above the signal (-51.32 vs -53.5), indicating bearish momentum is easing and a short-term bounce attempt is possible. Bollinger Bands show price below the middle band ($2356) and closer to the lower band ($2254), implying limited upside unless ETH reclaims $2356–$2376. The large sell candle to $2220 with very high volume suggests capitulation risk, but current volume is low (0.62x), reducing confidence in follow-through either way. Best action is to HOLD and wait for either a reclaim of $2356/$2376 (bullish trigger) or a breakdown below $2254 (bearish trigger). Ideal stop loss for any tactical long attempt: $2235; for shorts: $2380.
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and volatility is elevated (ATR ~$54). Key risks are a breakdown below $2254 (BB lower band) toward the $2220 wick low, or a short squeeze if price reclaims $2356–$2376 on rising volume.
Market Context
Bearish market structure with lower highs/lower lows; price is consolidating after a sharp sell-off and is attempting a minor rebound, but remains below key moving-average resistance.