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-conviction mean-reversion setup after a sharp selloff. RSI(14) at 27.54 signals oversold conditions, and price ($3076.95) is pressing the lower Bollinger Band ($3080.04) with tight bandwidth (3.39%), often preceding a volatility expansion and short-covering bounce. The sell impulse is confirmed by bearish momentum (MACD line -26.6 below signal -23.68, histogram -2.92), but the key is exhaustion: the latest hour printed heavy capitulation-like volume (77,155 vs 17,094 avg; 4.51x) while price only marginally extended lower to ~$3054, suggesting sellers are being absorbed. Trend remains bearish with price below EMA12/26/50/200, so this is a tactical long (bounce) rather than a trend-following entry. Risk/reward is acceptable if using a tight invalidation below the local low and targeting the first resistance cluster near the middle band/EMAs (~$3130–$3145), with potential extension toward $3185 if momentum flips.
Key Factors
Risk Assessment
Moderate risk: broader structure is bearish and MACD is still negative, so the trade relies on a short-term rebound. Key risks are continuation breakdown below $3054 leading to accelerated selloff and whipsaw volatility around the lower band.
Market Context
Short-term bearish market structure with price below key EMAs; current conditions favor a counter-trend oversold bounce from the lower Bollinger Band with heavy volume.