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 ($2638) is below the 12/26/50/200 EMAs (2668/2699/2749/2890), confirming bearish market structure and overhead resistance. Momentum is also negative with MACD below signal (histogram -3.53), suggesting the selloff is still active. However, RSI(14) at 12.95 is extremely oversold and price is hugging the lower Bollinger Band ($2629) with a tight bandwidth (4.45%), which often precedes a mean-reversion bounce or at least consolidation. The large dump candle at 08:00 (low $2606) on very high volume indicates capitulation, but follow-through volume has collapsed (volume ratio 0.18x), reducing conviction for initiating a fresh short here. Risk/reward is poor for SELL into support, while BUY is premature without a reversal trigger (e.g., MACD histogram improving and reclaiming EMA12). Ideal approach is to wait: either a breakdown below $2629/$2606 to justify SELL, or a reclaim of $2689 (BB mid) to justify BUY. Suggested stop-loss if taking a tactical long: $2598.
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and a support break ($2629 then $2606) could accelerate downside, but oversold conditions increase whipsaw/reversal risk for new shorts. Low liquidity on ask side could amplify volatility.
Market Context
Bearish short-term structure with strong sell impulse followed by stabilization near lower Bollinger Band/support; overhead resistance layered at $2668-$2689 and $2749.