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 ($2359) is below all key EMAs (12/26/50/200), confirming a strong downtrend and weak market structure. MACD is deeply negative (line -89.9 vs signal -57.5) with a negative histogram, indicating bearish momentum is still dominant rather than bottoming. However, RSI(14) at 2.56 is extremely oversold and statistically rare, often preceding violent mean-reversion bounces; this is reinforced by price tagging the lower Bollinger Band ($2348.8) after a -12.9% 24h dump and capitulation-like high volume during the selloff hours. With ATR ~$64, volatility is elevated, making entries risky and stops prone to getting wicked. Given conflicting signals (trend/momentum bearish, but oversold at major band support), the highest-probability action is to HOLD: avoid fresh longs until a reclaim above the lower band/middle band trajectory and MACD histogram improves, and avoid fresh shorts because downside reward from here is limited versus snapback risk. Ideal stop loss for any tactical long attempt would be ~$2285 (below recent swing/ATR buffer).
Key Factors
Risk Assessment
High risk due to elevated volatility (ATR) and post-dump whipsaw potential; primary risks are continuation breakdown below ~$2350 toward ~$2200 and, alternatively, a short-squeeze/mean-reversion spike toward ~$2500+.
Market Context
Bearish market structure with capitulation-style selloff into lower Bollinger Band support; momentum remains negative but conditions are stretched/oversold, favoring consolidation or a relief bounce before trend resolution.