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 at $1981.85 is attempting a rebound after a sharp intraday selloff to ~$1902, but the broader structure remains bearish. Momentum is improving: RSI 60.83 shows recovery without being overbought, and MACD is still negative (line -15.61) but has crossed above the signal (-22.72) with a positive histogram (+7.11), suggesting bullish momentum building. However, price is still below the EMA50 ($1994.83) and well below EMA200 ($2117.36), keeping the higher-timeframe trend down. Bollinger Bands are tight (4.97% bandwidth), and price is near the upper band ($2003.95), implying near-term resistance overhead and limited immediate upside unless it breaks/holds above $2005–$2015. Volume is normal (0.95x), lacking strong confirmation, and the order book shows heavy ask liquidity at $1981.9, indicating supply near current price. Ideal stop loss for a cautious long attempt would be ~$1938 (below recent consolidation/support).
Key Factors
Risk Assessment
Moderate risk: rebound is fragile within a bearish trend; key risks are rejection at $2000–$2015 and a retest of $1955 then $1906 support. ATR (~$29.9) implies swings that can hit stops quickly.
Market Context
Short-term bounce inside a broader bearish trend; price action suggests a potential relief rally, but confirmation requires reclaiming and holding above EMA50 and breaking $2005–$2015 resistance.