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 bearish structure: price ($2643.55) is below the 12/26/50/200 EMAs (2691/2719/2768/2901), confirming a strong downtrend and overhead resistance. However, momentum is extremely stretched—RSI(14) at 21.75 signals deep oversold conditions, increasing odds of a short-term mean-reversion bounce. MACD remains negative (line -27.07 below signal -26.51) with a slightly negative histogram (-0.56), implying downside momentum is still present but not accelerating aggressively. Price has broken below the lower Bollinger Band (lower ~2660), which often precedes snapback moves, yet it also reflects trend strength. The last hour shows a sharp sell impulse to 2606.7 with very high volume (2.77x average), suggesting capitulation-like selling, but not yet a confirmed reversal (no higher low / reclaim of 2660–2706). Given conflicting signals (trend bearish, momentum oversold), the best risk-adjusted action is to HOLD and wait for confirmation (reclaim of 2660/2706 or a breakdown below 2607). Ideal stop loss for a cautious long attempt would be ~$2595; for shorts, a protective stop would be ~$2706.
Key Factors
Risk Assessment
Risk is elevated due to strong bearish trend and volatility expansion after a breakdown below the lower Bollinger Band. Key risks: further liquidation toward 2607/2550 support, failed bounce into EMA resistance (2660–2710), and whipsaw given high volume and thin ask liquidity.
Market Context
Bearish market structure with accelerating downside move; potential short-term capitulation/mean-reversion setup, but trend remains down until price reclaims 2660–2706 and forms a higher low.