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 $2238.85 is in a bearish structure but showing early stabilization signs. Price is below EMA12/26/50 and far below EMA200 ($2566.85), confirming the broader downtrend and overhead resistance. RSI 46.42 is neutral-to-weak (not oversold), so there’s no strong mean-reversion BUY edge yet. However, MACD histogram is positive (+2.33) with the MACD line (-21.89) above the signal (-24.23), indicating bearish momentum is easing and a short-term rebound attempt is possible. Bollinger Bands place price below the mid-band ($2266.46) and near the lower half of the range, consistent with pressure but not a clear breakdown (lower band $2164.59). The recent candles show a sharp liquidation dip to $2108.8 followed by a strong rebound to $2353.9, but the current volume is extremely low (0.12x average), reducing conviction for a sustained move. Best action is to wait for either a high-volume reclaim of $2266–$2306 (BUY trigger) or a breakdown below $2165 (SELL trigger). Ideal stop loss if taking a speculative long: $2155.
Key Factors
Risk Assessment
Moderate-to-high risk: volatility remains elevated (ATR ~$60.6) after a sharp dump-and-rebound. Key risks are a continuation leg down if $2165 fails, and rejection at $2266–$2306 due to heavy EMA resistance.
Market Context
Market structure remains bearish (lower highs, price under short/mid EMAs and well under EMA200). Near-term price action suggests consolidation after a capitulation-like wick, but confirmation is lacking without volume.