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 clear short-term downtrend: price ($2640) is below the 12/26/50/200 EMAs (2691/2718/2767/2900), confirming bearish market structure. Momentum is still negative with MACD below signal (histogram -0.82), suggesting the sell pressure hasn’t fully exhausted. However, RSI(14) at 21.3 is deeply oversold, increasing the probability of a short-covering bounce; this reduces the quality of initiating a fresh SELL here due to poor downside reward vs. bounce risk. Bollinger Bands show price slightly below the lower band (2658.97) with tight bandwidth (3.47%), often preceding mean reversion or a volatility expansion—direction is unclear without confirmation. The last hour shows a sharp breakdown (to 2629) and close near lows with elevated volume vs prior hours, but overall volume is only 0.83x average, not a decisive capitulation. Best-ask size is heavy, implying overhead supply near $2640. Prefer waiting for confirmation: either reclaim of ~$2660–$2690 for a bounce trade, or a clean breakdown below ~$2629 to justify a SELL. Ideal stop-loss for any long attempt would be ~$2615; for a short, invalidation above ~$2695.
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and volatility can expand from tight Bollinger bandwidth; downside continuation is possible, but oversold conditions raise whipsaw/short-squeeze risk. Key risk is a fast mean-reversion rally back toward EMAs.
Market Context
Bearish short-term structure with a sharp intraday selloff and price trading below the lower Bollinger Band and all major EMAs; momentum remains negative but stretched/oversold.