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 $2276 is sitting near the Bollinger mid-band ($2264) with RSI 50.06, signaling neutral momentum after a sharp intraday flush to ~$2109 and rebound to ~$2354. MACD remains below zero (line -18.01) but is improving versus the signal (-24.6) with a positive histogram (+6.58), suggesting bearish momentum is fading and a short-term relief bounce is possible. However, trend/structure is still bearish: price is below EMA50 ($2305) and far below EMA200 ($2564), and EMA12 ($2253) is only slightly above EMA26 ($2271), indicating no confirmed bullish crossover. Volume is normal (0.88x), so the rebound lacks strong confirmation. Key levels: support $2230-$2165 (mid-band to lower band) and resistance $2305-$2364 (EMA50 to upper band). Given mixed signals and unfavorable higher-timeframe trend, the best risk-adjusted action is to hold/stay flat until a break above $2364 or a loss of $2165 confirms direction. Ideal stop loss for a tactical long attempt would be ~$2160; for a short, invalidation above ~$2365.
Key Factors
Risk Assessment
Moderate risk: ATR ~$63 implies wide intraday swings; downside risk increases on a break below $2165, while upside is capped by $2305-$2364 resistance unless volume expands.
Market Context
Short-term rebound inside a broader bearish trend; consolidation around $2260 after a high-volatility selloff and partial recovery.