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 intraday downtrend (24h -9.7%) with price ($2419) trading well below EMA12/26/50/200, confirming bearish market structure. Momentum is still negative: MACD line (-80.37) remains below signal (-50.48) with a deeply negative histogram (-29.89), suggesting downside pressure hasn’t fully exhausted. However, RSI(14) at 12.74 is extremely oversold and price is hugging the lower Bollinger Band ($2395), which often precedes a mean-reversion bounce or at least consolidation. The selloff was accompanied by strong volume (1.51x average) and a capitulation-style candle down to $2201, followed by a rebound to $2419—this reduces the edge for initiating a fresh short here due to poor risk/reward and elevated whipsaw risk. Best action is HOLD: avoid chasing shorts into oversold conditions and wait for confirmation (MACD histogram improving and reclaim of $2520–$2600) before considering longs. Ideal stop loss if attempting a tactical long is ~$2325 (below lower band/near recent base), while shorts would need a tight invalidation above ~$2525.
Key Factors
Risk Assessment
High risk due to elevated volatility (ATR $61.61) and recent capitulation move; main risks are a continuation flush toward $2200 support or a sharp short-covering bounce toward $2520–$2600.
Market Context
Strong bearish structure with impulsive selloff; currently in oversold/possible stabilization zone near lower Bollinger Band after a spike low at ~$2201.