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 showing a high-probability mean-reversion setup after a sharp pullback. RSI(14) at 28.42 is oversold, suggesting selling pressure is stretched. While the broader trend is still bearish (price below EMA12/26/50 and those EMAs are stacked bearishly), momentum is improving: MACD remains negative but the histogram is positive (+3.65) with the MACD line above the signal line (less negative), indicating bearish momentum is fading and a short-term rebound is likely. Price ($3158) is holding above the Bollinger lower band ($3111) and above the EMA200 ($3128.9), a key dynamic support zone; this confluence increases the odds of a bounce. Volume is slightly above average (1.16x), supporting the recent stabilization rather than a low-liquidity drift. Risk/reward is favorable if entry is taken near current price with a stop below the EMA200/BB lower band zone and a first target at the mid/upper band and nearby EMA cluster resistance. Ideal stop loss: $3105.
Key Factors
Risk Assessment
Moderate risk: primary risk is trend continuation lower; a breakdown below $3128 (EMA200) could accelerate to the BB lower band ($3111) and psychological $3050-$3000. Volatility is moderate (ATR ~$28), so stops must allow for noise.
Market Context
Short-term bearish structure with price below key short EMAs, but currently basing above EMA200 with oversold conditions, favoring a tactical rebound rather than trend reversal confirmation.