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 bearish market structure, trading below the EMA12/26/50 cluster ($2022/$2038/$2052) and well below the EMA200 ($2160), which keeps the higher-timeframe bias negative. However, momentum is attempting to stabilize: RSI(14) at 50.45 is neutral (no oversold bounce signal), while MACD remains below zero but the line is above the signal (histogram +2.45), suggesting bearish momentum is easing rather than accelerating. Price is holding near $2010, between the Bollinger mid ($2031) and lower band ($1966); this implies room for a mean-reversion push toward $2030–$2050, but not a high-conviction long without a reclaim above the EMAs and stronger volume. Volume ratio is only 0.62x, weakening the reliability of any breakout attempt. Given the -5.26% 24h drop and mixed signals (bearish trend vs improving MACD), the best risk-managed stance is to hold/stand aside. Ideal stop loss if long exposure is maintained: $1960 (below the lower band/support).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and volatility is elevated (ATR ~$25.5). Key risks are a breakdown below $1966 (lower band) leading to a fast move toward the mid-$1900s, and failed bounces into $2030–$2050 resistance.
Market Context
Bearish overall trend with short-term consolidation/attempted stabilization around the $2000 psychological level; resistance stacked at $2030–$2055, support at $1965 then ~$1900.