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 broader bearish structure with price ($1946) below the 26/50/200 EMAs (1967/1995/2119), signaling overhead supply and a downtrend bias. However, near-term momentum is attempting to stabilize: RSI 49.36 is neutral (not oversold), while MACD remains negative but the histogram is positive (+3.5) with the MACD line above the signal (-20.3 vs -23.8), suggesting a short-term bullish crossover/relief attempt. Price is also sitting near the Bollinger midline (1957) after rejecting the upper band (~2013) and defending the lower band (~1901) earlier, implying consolidation rather than a clean continuation breakdown. The key issue is confirmation: the latest volume is very low (0.29x average), so the rebound lacks participation, reducing conviction for a BUY. With ATR ~$28, a break below ~$1900 could accelerate downside, while upside is capped by the EMA cluster and $2013 resistance. Best action is to hold/stand aside until either a volume-backed reclaim of $1967–$1995 or a breakdown under $1900 occurs. Ideal stop loss for any existing long: $1895.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and a loss of ~$1900 support could trigger a sharper drawdown; upside attempts may fail at $1967–$2013 without volume confirmation.
Market Context
Bearish higher-timeframe market structure with short-term consolidation/relief bounce attempts between ~$1900 support and ~$2013 resistance.