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 deeply oversold (RSI 14 at 28.81) after a sharp selloff (-4.71% 24h), which increases the probability of a short-term mean-reversion bounce. However, trend and momentum remain bearish: price is below EMA12/26/50 and far below EMA200, and MACD is negative with a worsening histogram (-7.0), indicating downside momentum is still dominant. Bollinger positioning shows price near the lower band ($2115) with bandwidth at 9.81%, suggesting elevated but not extreme volatility; a bounce is possible, but not yet confirmed. Recent candles show heavy capitulation volume during the drop (notably 15:00–18:00), followed by a rebound to $2188 and a pullback to $2174 on low volume (0.56x), which weakens the case for an immediate BUY. Key levels: support $2115 then $2075; resistance $2224 (BB mid) and $2255 (EMA50). Best approach is to HOLD and wait for confirmation (MACD histogram improving and reclaim of $2224) before going long. If already long, ideal stop loss is $2070.
Key Factors
Risk Assessment
Moderate-high risk: trend is bearish and a break below $2115 could accelerate toward $2075/$2000. Volatility (ATR ~$45.8) implies wide intraday swings; use tight risk controls and avoid sizing up without confirmation.
Market Context
Bearish market structure with lower highs/lower lows; price remains below short-, mid-, and long-term EMAs, indicating a downtrend despite near-term oversold conditions.