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 strong short-term downtrend with heavy momentum: price ($1890) is below all key EMAs (12/26/50/200), and MACD remains bearish (line -64.48 below signal -47.32; negative histogram), confirming downside trend strength. RSI(14) at 23.05 signals deeply oversold conditions, but oversold alone is not a buy trigger while momentum is still accelerating down. Price is also trading slightly below the lower Bollinger Band (lower $1901.61), suggesting a potential mean-reversion bounce, yet the last hours show a sharp breakdown (large red candle to $1927 low) followed by continued drift lower into $1890. Order book is skewed to the ask (very large ask size vs small bid), implying overhead supply and limiting immediate upside follow-through. With ATR ~$53, volatility is elevated; chasing a long here risks another liquidation leg, while shorting into oversold conditions risks a snapback. Best approach is to hold/stand aside until a bullish trigger appears (RSI recovery + MACD histogram improving and reclaim of ~$1902–$1950). Ideal stop loss for any tactical long attempt would be below $1840.
Key Factors
Risk Assessment
High risk due to strong bearish trend, elevated volatility (ATR $53), and potential for further downside if $1889/$1850 breaks; also high squeeze risk if a relief rally triggers from oversold.
Market Context
Market structure is bearish with lower highs/lows and price extended far below short- and mid-term EMAs; conditions are oversold but trend control remains with sellers until reclaim of $1902–$1995 zone.