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-to-neutral short-term structure after a sharp selloff (1995 → 1896) followed by a rebound to ~$1942. Momentum remains negative: RSI 44.39 is below 50 (no oversold reversal), and MACD is bearish (line -11.9 below signal -7.19; histogram -4.71), suggesting downside momentum hasn’t fully exhausted. Trend/structure is also weak with price below EMA26 ($1950), EMA50 ($1967) and far below EMA200 ($2081), keeping rallies as likely sell-the-rip until reclaimed. Bollinger Bands show price below the mid-band ($1955) and closer to the lower band ($1898); bandwidth 5.89% and ATR $25 imply moderate volatility, but not a clear breakout regime. Volume confirmation is lacking: current volume is 0.53x the 20-period average, making the bounce less trustworthy. Order book shows heavy ask liquidity near current price (ask size >> bid), which can cap upside. Ideal stop loss (if long): $1890; if short: $1970.
Key Factors
Risk Assessment
Moderate risk: trend is bearish and a retest of $1900/$1898 support is plausible; however, volatility is only moderate (ATR ~$25) and price is near a short-term support zone, increasing whipsaw risk for new entries.
Market Context
Bearish broader trend (below EMA200) with a short-term relief bounce after a high-volume dump; currently consolidating under the Bollinger mid-band and below EMA26/50.