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 trend with strong downside momentum: price ($2413.6) is below all key EMAs (12/26/50/200), confirming a broken market structure and persistent sell pressure. MACD is deeply negative (line -88.23 vs signal -63.58) with a negative histogram (-24.64), indicating momentum is still bearish rather than stabilizing. However, RSI(14) at 11.99 is extremely oversold and price is near the lower Bollinger Band ($2333), which statistically increases the odds of a short-term mean reversion bounce or high-volatility chop. Recent candles show capitulation-style volume during the drop (notably 18:00) followed by reduced volume (0.75x) into the current bounce, suggesting sellers may be pausing but buyers are not yet showing strong confirmation. Given the oversold condition but lack of bullish reversal signals (no MACD turn, no reclaim of EMA12/26), the best action is to HOLD/stand aside and wait for confirmation. Ideal stop loss for any tactical long attempt would be below $2290 (under the lower band/support).
Key Factors
Risk Assessment
High risk due to elevated volatility (ATR $65.56) and recent -10.9% 24h move; whipsaw risk is significant. Key risks: continuation breakdown below ~$2333 toward ~$2200, and failed bounce below EMA12/26 resistance.
Market Context
Bearish market structure with accelerated selloff and partial stabilization; currently consolidating after capitulation-like drop, but trend remains down until reclaim of ~$2485-$2575 zone.