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 deeply oversold (RSI 14 at 25.47) while price is pressing the lower Bollinger Band ($2667.21) with a very tight bandwidth (2.96%), suggesting a volatility squeeze and elevated mean-reversion odds. Momentum is still bearish structurally: price is below EMA12/26/50/200 (2695/2721/2768/2901), confirming a broader downtrend and overhead resistance stack. However, MACD is showing early bullish divergence/relief potential: the MACD line (-25.1) is above the signal (-26.29) and histogram is positive (+1.19), implying downside momentum is weakening even as trend remains bearish. Recent candles show a sharp sell-off into $2666–$2652 with no strong rebound yet, and volume is notably low (0.37x of 20-period average), reducing confidence in a durable reversal. Order book is ask-heavy (82.82 vs 14.66), adding near-term supply pressure. Net: conditions favor waiting for confirmation (reclaim of $2707–$2720 or higher volume) rather than chasing a falling trend; if already long, avoid adding and manage risk tightly. Ideal stop loss (if long): $2642 (below recent low/ATR buffer).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and liquidity/volume confirmation is weak; a breakdown below ~$2650 can accelerate toward the next demand zone. Key risks are continuation sell-off and failed oversold bounce.
Market Context
Short-term bearish impulse into a squeeze/oversold condition; broader structure remains below major moving averages with resistance layered from $2707 to $2768.