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 selloff with strong bearish structure: price ($2372.95) is below all key EMAs (12/26/50/200), and MACD is deeply negative (line -84.02 vs signal -50.89) with a widening bearish histogram (-33.13), confirming strong downside momentum. However, RSI(14) at 1.98 is an extreme, statistically rare oversold reading, increasing the probability of a short-term reflex bounce and making new shorts unattractive on risk/reward. Price is also pressing the lower Bollinger Band (lower $2383.95) and has stabilized intrahour around $2370–$2429 after a capitulation drop (notably the 18:00 candle with very high volume). Volume is 2.12x average, consistent with panic/liquidation flow that can mark at least a temporary bottom. Given conflicting signals (trend bearish but conditions extremely oversold), best action is HOLD: avoid chasing shorts here and wait for confirmation (bullish divergence / MACD histogram contraction) before buying, or a clean breakdown below $2350 before selling.
Key Factors
Risk Assessment
High risk due to elevated volatility (ATR ~$61.6) and strong bearish momentum; downside continuation remains possible if $2350 breaks, while shorting here risks a violent mean-reversion squeeze.
Market Context
Bearish market structure with a breakdown from the $2600 area; current action resembles capitulation and consolidation near the lower Bollinger Band after a -11.4% daily move.