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 ($2639) is below the 12/26/50/200 EMAs, and the EMA stack is bearishly aligned (12<26<50<200), confirming weak market structure. Momentum also remains negative with MACD below signal (histogram -3.43), suggesting the selloff is not fully exhausted yet. However, RSI(14) at 14.9 is extremely oversold and price is sitting on the lower Bollinger Band ($2636), which often precedes a mean-reversion bounce; downside follow-through becomes less attractive here unless support breaks decisively. The large sell candle around 08:00 came with very high volume, but the current volume ratio is only 0.23x, implying sellers are not pressing aggressively at the lows and a base could form. Order book is also ask-heavy at the top, limiting immediate upside. Net: risk/reward for fresh shorting is poor at support, while a long lacks confirmation (needs reclaim of ~$2693–$2705). Ideal stop reference: if long later, stop below $2610; if short, stop above $2705.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and could break $2636 support, but oversold conditions increase whipsaw/short-squeeze risk. Key risk is a breakdown toward the next support zone near $2600–$2580.
Market Context
Bearish market structure with sharp impulsive selloff and attempted stabilization at lower Bollinger support; momentum still negative but conditions are stretched/oversold.