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 with price ($2022) trading below the EMA26 ($2032), EMA50 ($2047) and far below EMA200 ($2155), signaling a broader downtrend and overhead supply. However, near-term momentum is attempting to stabilize: RSI 53 is neutral (not oversold), and MACD remains negative but the histogram is positive (+3.12) with the MACD line above the signal line, suggesting bearish momentum is fading and a short-term rebound is possible. Bollinger Bands are tight (2.31% bandwidth) with price near the middle band ($2017), implying consolidation rather than a clean trend continuation. Recent candles show a sharp selloff from ~$2040 to ~$2008 with a quick reclaim toward $2022, but volume is very weak (0.17x average), reducing conviction for a BUY and also limiting confidence in a breakdown SELL. Ideal stop loss for any tactical long attempt would be below $1994 (prior swing/BB lower area), e.g., $1988, but the setup quality is not strong enough to initiate here.
Key Factors
Risk Assessment
Moderate risk: broader downtrend increases drawdown risk if $2000 breaks, while low volatility compression can precede sharp moves. Key risk is a downside expansion toward the $1994/$1980 support zone on renewed selling.
Market Context
Bearish higher-timeframe structure with short-term consolidation around $2017–$2025; resistance stacked at $2033–$2050, support clustered near $2000 and $1994.