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 trading at $2913.55 with a deeply oversold RSI(14) at 26.7, suggesting capitulation risk is elevated and a mean-reversion bounce is statistically favored. Momentum is stabilizing: MACD remains negative but the histogram is slightly positive (+0.2) with the MACD line (-11.67) edging above the signal (-11.87), indicating bearish momentum is fading and an early bullish crossover attempt is underway. Price is sitting just above the lower Bollinger Band ($2904.14) after a sharp sell candle to $2885.8 on very strong volume (2.7x average), consistent with a potential sell-off exhaustion rather than orderly trend continuation. Trend and EMAs are still bearish (price below EMA12/26/50/200), so this is a counter-trend long and requires tight risk control. A tactical long is justified if $2904–$2886 holds as support; upside is toward the BB mid/EMA cluster around $2940–$2960, offering ~1:2+ risk/reward with an ATR-informed stop.
Key Factors
Risk Assessment
Moderate-high risk: prevailing structure is bearish and price is below all key EMAs, so the bounce can fail quickly. Main risks are a breakdown below $2886 (recent low) leading to accelerated sell-through, and whipsaw due to elevated intraday volatility (ATR ~$21.6). Use a tight stop and avoid adding if $2904 breaks decisively.
Market Context
Short-term bearish market structure with price below EMA12/26/50/200 and lower highs, but conditions are stretched/oversold near the lower Bollinger Band with signs of momentum stabilization and potential short-covering bounce.