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 at $3171.55 is showing a high-probability mean-reversion setup despite the broader bearish trend. RSI(14) at 28.67 is oversold, suggesting downside momentum is stretched. MACD remains negative (line -19.67) but has crossed above the signal (-22.54) with a positive histogram (+2.87), indicating bearish momentum is fading and a short-term rebound is developing. Price is holding above the 200 EMA ($3128.62) and above the lower Bollinger Band ($3110.63), with the middle band/EMA cluster ($3186–$3198) acting as near-term resistance. The recent hourly candles show stabilization after probing $3125–$3134 support, and the order book spread is tight, reducing execution risk. The main caution is volume: current volume is only 0.18x the 20-period average, so this is a tactical bounce trade rather than a trend reversal. Ideal stop loss: $3118 (below lower band and recent swing support) to preserve capital if support fails.
Key Factors
Risk Assessment
Moderate risk: broader trend is bearish and volume is weak, so a bounce can fail quickly. Key risk is a breakdown below $3125 leading to acceleration toward the lower BB and below the 200 EMA.
Market Context
Short-term bearish structure with signs of momentum exhaustion; likely mean-reversion bounce within a downtrend unless ETH reclaims and holds above the $3186–$3200 resistance cluster.