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 sharp bearish impulse with heavy capitulation signals, but the risk/reward for a fresh short is deteriorating. Price ($2422.75) is below all key EMAs (12/26/50/200), confirming a strong downtrend and broken market structure. MACD is deeply negative (line -63.92 vs signal -39.32; histogram -24.6), showing accelerating downside momentum. However, RSI(14) at 3.26 is extremely oversold and statistically prone to a reflex bounce; combined with a 24h drop of -11.55% and a 3.49x volume spike, this looks like panic selling rather than an orderly trend continuation. Price is also below the lower Bollinger Band ($2479), indicating stretched volatility that often mean-reverts toward the band/midline. Given ATR ~$43.81, whipsaw risk is elevated. Best setup is to avoid chasing either direction; wait for a base/reclaim (e.g., back above $2480–$2520) before considering a long, or a weak bounce into resistance for a safer sell.
Ideal stop loss (if short from a bounce): $2555; if long on confirmation: $2360.
Key Factors
Risk Assessment
High risk. Volatility is elevated (ATR ~$43.8) with capitulation volume; downside continuation is possible, but shorting here risks a violent short-covering bounce. Key risks: further breakdown below $2350 support or a fast squeeze back toward $2500–$2640.
Market Context
Strong bearish market structure with a sharp selloff and breakdown below key moving averages; current action resembles capitulation with potential for a short-term relief rally within a broader downtrend.