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 clear bearish structure: price ($2310) is below the 12/26/50/200 EMAs (2392/2444/2530/2780), confirming strong downtrend and overhead resistance. Momentum remains negative with MACD below zero and the histogram still negative (-0.88), suggesting the selloff isn’t fully exhausted yet. However, RSI(14) at 24.39 is deeply oversold, and price is already below the lower Bollinger Band ($2343), which often precedes mean-reversion bounces. The last hours show a sharp breakdown (low $2285) on high volume (1.55x average), indicating capitulation risk but also potential for a short-term relief rally. Given conflicting signals (trend bearish vs. oversold extremes), a high-conviction BUY is premature without a bullish reversal trigger (e.g., reclaiming $2343–$2412 with improving MACD). A SELL here risks chasing extension after a -6.9% day. Ideal stop loss for any tactical long attempt would be below $2285 (e.g., $2265).
Key Factors
Risk Assessment
High risk: strong bearish trend and elevated volatility (ATR ~$38.7) can drive further downside toward/through $2285. Key risks are continued liquidation, failed bounce attempts, and resistance rejection at $2343–$2412.
Market Context
Bearish trend with accelerated downside momentum; price is extended below volatility bands, implying potential short-term mean reversion but within a broader downtrend.