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 $3214 is showing an extreme oversold condition (RSI 14 = 17.0), which often precedes a mean-reversion bounce, especially when paired with capitulation-like volume. The selloff from ~3350 to ~3175 occurred on very high volume (volume ratio 3.28x), suggesting panic selling may be exhausting. Price is currently below the Bollinger mid ($3276.95) and near the lower band ($3146.12), consistent with stretched downside. Trend and momentum remain bearish (MACD line -31.64 below signal -23.39; histogram -8.25), so this is a tactical rebound setup rather than a confirmed trend reversal. EMAs are stacked bearishly (12 < 26 < 50) and price is below all key EMAs, so risk is a retest of the lower band/flush toward ~3150. With ATR ~$28, a tight but realistic stop sits below recent swing lows. Risk/reward is acceptable targeting a bounce into first resistance around the mid-band/EMA zone.
Key Factors
Risk Assessment
Moderate-to-high risk: broader structure is bearish (negative MACD, bearish EMA stack). Main risks are a continuation breakdown below ~$3146 and a volatility spike; use a hard stop.
Market Context
Short-term bearish market structure with sharp impulsive selloff, now stabilizing near lower Bollinger Band; setup favors a mean-reversion bounce but trend remains down until price reclaims the $3275–$3285 EMA/mid-band area.