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 $3141 is showing a high-probability mean-reversion setup despite the broader bearish trend. RSI(14) at 25.21 is deeply oversold, suggesting sellers are likely exhausted near local support. MACD remains negative, but the histogram is positive (+2.75) with the MACD line (-19.62) above the signal (-22.37), indicating downside momentum is fading and a short-term rebound is developing. Price is also holding just above the Bollinger lower band ($3112) and above the EMA200 ($3129), a key dynamic support that often attracts dip-buying. However, price is still below EMA12/26/50 (3164–3195), so this is a counter-trend long aiming for a bounce back into the moving-average cluster and BB midline ($3176). Volume is only 0.7x average, so confirmation is moderate; risk is controlled by placing a tight stop below the BB lower band/EMA200 confluence. Ideal stop loss: $3098.
Key Factors
Risk Assessment
Moderate risk: this is a counter-trend BUY in a bearish market. Key risks are a breakdown below $3129 (EMA200) and $3112 (lower band) leading to acceleration lower; volume confirmation is not strong (0.7x).
Market Context
Short-term structure is bearish with price below EMA12/26/50, but ETH is attempting to base above EMA200 and the Bollinger lower band, suggesting a potential relief rally toward $3176–$3239 resistance.