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 $2234.75 remains in a bearish structure: price is below EMA12 ($2250.78), EMA26 ($2273.28), EMA50 ($2309.3) and far below EMA200 ($2570.16), indicating persistent downside trend pressure and overhead resistance layers. RSI(14) at 45.13 is neutral-to-weak (not oversold), so there is no strong mean-reversion BUY edge yet. MACD is still negative (line -22.5) but the histogram is slightly positive (+0.45) with the line marginally above signal, suggesting early bearish momentum deceleration; however, this is not enough to justify a high-conviction long while trend and EMAs are bearish. Bollinger Bands show price below the middle band ($2271.82) and closer to the lower band ($2165.53), implying downside bias but not an extreme stretch. The bounce from ~$2109 to ~$2354 was sharp, yet current volume is extremely low (0.01x average), and the order book shows heavy ask size near current price, reducing breakout probability. Best action is to HOLD/stand aside and wait for either a reclaim above $2272–$2310 with volume (bullish) or a breakdown under $2165 (bearish continuation). Ideal stop loss (if long is held): $2160.
Key Factors
Risk Assessment
Moderate-to-high risk: volatility is elevated (ATR ~$58) after a -5% day, and the trend is bearish. Key risks are a continuation breakdown toward the lower Bollinger band/support ($2165) and a liquidity-driven slip back toward ~$2110. Low current volume increases false-signal risk.
Market Context
Short-term rebound attempt inside a broader bearish trend; ETH is consolidating below key moving averages with resistance clustered at $2270–$2310 and support at $2165 then ~$2110.