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 $3154.95 is showing a high-conviction mean-reversion setup despite the broader bearish trend. RSI(14) at 27.63 signals oversold conditions, increasing odds of a bounce. MACD remains negative (line -19.19), but the histogram is positive (+3.4) and the MACD line is above the signal (-19.19 > -22.59), indicating bearish momentum is weakening and a short-term reversal is developing. Price is holding above the Bollinger lower band ($3111) and above the 200 EMA ($3128.89), suggesting buyers are defending a key structural support zone. However, price is still below the 12/26/50 EMAs (3167/3187/3197), so this is a counter-trend long aimed at a retracement into resistance. Volume is slightly below average (0.8x), so confirmation is moderate rather than strong; this keeps sizing conservative. Ideal stop loss: $3105 (below lower band and recent intraday lows), targeting a move back toward the mid-band/EMA cluster near $3180-$3200 for favorable risk/reward.
Key Factors
Risk Assessment
Moderate risk: primary risk is trend continuation lower and a breakdown below $3111 (lower band) and $3129 (200 EMA). Volume is not strongly supportive, so false bounces are possible; keep tight risk controls with stop at ~$3105.
Market Context
Short-term structure is bearish (below 12/26/50 EMAs) but price is basing near major support (200 EMA + lower Bollinger), favoring a tactical oversold bounce rather than a trend-following entry.