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 ($2144.95) is below EMA12/26/50 and far below EMA200, confirming a dominant downtrend. Momentum is still negative with MACD below the signal line (histogram -5.48), suggesting downside pressure hasn’t fully dissipated. However, RSI(14) at 23.73 is deeply oversold and price is trading near the lower Bollinger Band ($2105), which often precedes short-term mean reversion bounces. Recent candles show heavy selloff from ~$2250 to a low near $2076.5, followed by a rebound attempt, but the latest close slipped back toward $2145, implying weak follow-through. Volume is only 0.54x of the 20-period average, so there is insufficient confirmation for a durable reversal, and the order book shows a large ask wall at $2145 that may cap immediate upside. Net: avoid chasing shorts into oversold conditions, but don’t buy until a reclaim of ~$2218 (BB mid/EMA26 area) with improving volume. Ideal stop-loss for any tactical long would be below $2075.
Key Factors
Risk Assessment
Risk is elevated due to strong downtrend and negative MACD; main risk is a continuation breakdown below $2105 toward the $2075–$2050 zone. Counter-risk is a sharp oversold bounce toward $2218–$2250 if shorts cover.
Market Context
Bearish market structure with accelerating selloff from the $2250 area; attempting to base near $2105–$2075 support but lacking volume confirmation for reversal.