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 holding a short-term bullish structure (price $2114 above EMA12 $2107, EMA26 $2095, and EMA50 $2079), but momentum is currently mixed. RSI 58.6 is constructive (not overbought), yet MACD is bearish in the near term (line 12.16 below signal 14.98; histogram -2.82), suggesting upside is losing steam after the earlier push toward $2143. Bollinger Bands are tight (3.52% bandwidth) with price near the upper band ($2139), which often precedes a volatility expansion; however, the order book shows heavy overhead supply (ask size 518 vs bid 0.92), increasing rejection risk near resistance. Recent candles show a sharp dip to $2071 with high volume, then a rebound, implying support demand but also choppy conditions. With volume below average (0.7x), a breakout lacks confirmation. Best approach is to hold and wait for either a clean break/close above $2140–$2150 on rising volume (bullish) or a loss of $2095/$2079 support (bearish). Ideal stop-loss for any existing long: $2065 (below lower band/support).
Key Factors
Risk Assessment
Moderate risk: tight Bollinger Bands imply an imminent volatility expansion; downside risk increases if $2095 then $2079 breaks. Heavy sell liquidity overhead raises rejection risk near $2140–$2150. Keep stops tight and position size conservative.
Market Context
Short-term uptrend above 12/26/50 EMAs, but still below EMA200 ($2223.74), indicating the broader trend remains capped by major resistance; current regime is consolidation near resistance with weakening momentum.