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 in a short-term bearish trend, but the setup shows a high-probability mean-reversion bounce. RSI(14) at 20.58 is deeply oversold, historically associated with exhaustion selling and short-covering rallies. MACD remains negative (line -26.3) but the histogram is positive (+3.32) with the MACD line above the signal (-26.3 > -29.62), indicating bearish momentum is fading and a potential momentum turn is forming. Price ($3224.95) is near the lower Bollinger Band ($3129.12) and below the mid-band ($3254.89), consistent with stretched downside; a reversion toward the middle band is a realistic 1–7 day target. EMAs are stacked bearishly (12<26<50) and price is below the 50 EMA, so this is a tactical counter-trend long rather than a trend-following entry. Volume is very low (0.2x average), which reduces breakout confidence; therefore position sizing should be conservative and the trade should rely on a tight, predefined stop. Ideal stop loss: $3115 (below the lower band and recent swing support zone).
Key Factors
Risk Assessment
Moderate-to-high risk due to prevailing bearish EMA structure and low volume confirmation; key risk is continuation breakdown below $3130 leading to accelerated selloff. Use tight stop and smaller size.
Market Context
Market structure is bearish/descending with price below key short/mid EMAs, but momentum indicators suggest a short-term relief rally is plausible from oversold conditions.