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 clear short-term bearish trend (price below EMA12/26/50/200 and MACD line below signal with a negative histogram), but the setup is now extremely oversold: RSI(14) at 13.61 is capitulation-level and often precedes mean-reversion bounces. Price is also pressing the lower Bollinger Band ($2929.52) with a tight bandwidth (3.24%), suggesting compressed volatility and an increased probability of a snapback toward the mid-band/nearby EMAs. Recent candles show a sell-off into $2926–$2929 with immediate stabilization around $2933, while the order book is supportive (large best bid vs thin best ask), indicating near-term absorption at support. Volume is only 0.7x average, so this is a tactical bounce trade rather than a trend reversal; confirmation would be a reclaim of $2978–$2985 (mid-band/EMA26 area) and improving MACD histogram. Ideal stop loss: $2909 (below the $2926.5 low and ~1.2 ATR), targeting a rebound to the first meaningful resistance zone near $2990.
Key Factors
Risk Assessment
Moderate-high risk: broader structure remains bearish (price below all key EMAs; MACD negative). Primary risks are a continuation breakdown below $2925 leading to a fast move toward $2900/$2880 and whipsaw due to low volume confirmation.
Market Context
Short-term downtrend with capitulation-like momentum; price is stretched below key moving averages and hugging the lower Bollinger Band, favoring a near-term corrective rebound rather than a confirmed trend reversal.