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 ($2620) is below EMA12/26/50/200, with a bearish EMA stack (12<26<50<200) signaling sustained downtrend pressure. Momentum remains negative as MACD is below signal (histogram -4.63), suggesting the selloff is still active rather than reversing. However, RSI(14) at 11.14 is extremely oversold, and price is sitting on/just above the lower Bollinger Band ($2617), implying downside is increasingly crowded and a mean-reversion bounce is possible. The large impulsive red candle at 08:00 with very high volume followed by stabilization suggests capitulation risk is already partially expressed, but volume ratio (0.92x) is not showing strong reversal demand yet. With ATR ~$21.7, near-term volatility supports a bounce, but trend-following signals are still bearish. Best approach is to HOLD (avoid chasing shorts into oversold conditions; wait for MACD/price reclaiming EMA12 or a clean breakdown below $2617 support). Ideal stop loss for any tactical long attempt would be below $2590.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and a breakdown below ~$2617 could accelerate liquidation, but shorting here risks a sharp oversold rebound. Key risks are a support snap below $2617 and continued negative momentum.
Market Context
Bearish market structure with strong downside momentum earlier in the session; currently consolidating near lower Bollinger support after a high-volume flush, with no confirmed reversal.