ETH
BUYConfidence 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 broader bearish structure (price below EMA12/26/50 and far below EMA200), but the short-term setup is favoring a tactical rebound. RSI(14) at 24.27 signals deeply oversold conditions, and MACD histogram is positive (+1.28) with the MACD line (-22.0) crossing above the signal (-23.28), indicating bearish momentum is waning and a bounce attempt is underway. Price is also holding above the lower Bollinger Band ($1918.6) and is attempting to mean-revert toward the middle band ($1982.3). The latest impulse candle showed strong demand and participation (volume 3.08x the 20-period average), which increases the odds the move is not just a low-liquidity uptick. However, the order book shows heavier near-term sell liquidity at the ask, so follow-through may stall into resistance. Ideal stop loss: $1910 (below the lower band and recent swing support). Primary take profit is set near the next resistance cluster around the Bollinger mid/EMA26 zone for a favorable ~1:2+ R/R given ATR ~$23.
Key Factors
Risk Assessment
Moderate-high risk: macro trend remains bearish (below EMA200) and rallies can fail into overhead EMAs; volatility is meaningful (ATR ~$23) and sell-side liquidity is heavier at the ask, raising rejection risk near $1985–$2015.
Market Context
Bearish higher-timeframe trend with a short-term oversold bounce/relief-rally setup developing from near the lower Bollinger Band amid strong volume.