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: price ($2387.55) is below all key EMAs (12/26/50/200), confirming a strong downtrend and damaged market structure. Momentum remains negative with MACD deeply below zero (line -75.46 vs signal -44.72) and a large negative histogram (-30.74), suggesting sellers still control the tape. However, conditions are extremely stretched: RSI(14) at 2.82 is an outlier-level oversold reading, and price is already below the lower Bollinger Band ($2426.78), indicating capitulation risk and elevated probability of a reflex bounce. Recent candles show a high-volume breakdown (notably 14:00–17:00) followed by reduced volume into the lows (0.76x), which can precede short-covering. Given the trend is bearish but mean-reversion odds are rising, the best risk-managed call is HOLD (avoid chasing a SELL into exhaustion; wait for either a relief rally to resistance for a better short, or a base/reversal signal for a long). Ideal stop loss (if currently long): $2320.
Key Factors
Risk Assessment
High risk: volatility elevated (ATR ~$45) and trend is bearish, so downside continuation remains possible. Key risks are a further flush below $2350 support and failed bounce attempts into EMA resistance.
Market Context
Strong bearish trend with capitulation-style selloff; price extended far below moving averages and outside Bollinger Bands, implying late-stage momentum but not yet a confirmed reversal.