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 structure (price below EMA12/26/50/200 and EMA stack is downward), but conditions are now heavily stretched. RSI(14) at 24.89 signals extreme oversold, while price is sitting on the lower Bollinger Band ($3168.79) with very tight bandwidth (2.21%), often preceding a volatility expansion and mean-reversion bounce. MACD remains negative (line -19.6 below signal -18.31) with a negative histogram (-1.29), so trend momentum is still bearish; however, the selloff appears capitulative: the 22:00–23:00 candles show a sharp drop with very large volume, and current volume is 2.01x the 20-period average, consistent with exhaustion selling near support. The order book shows heavy ask size at $3170.2, implying near-term friction, but the tight spread suggests liquidity for a tactical long. I favor a small, tactical BUY for a rebound toward the mid-band/EMAs, with a tight invalidation below the recent swing low to preserve capital.
Key Factors
Risk Assessment
Moderate-to-high risk: broader trend is bearish (below all key EMAs) and MACD is still negative, so any long is counter-trend and could fail if $3150 breaks. Key risks: continuation dump, liquidity sweep below $3150, and rejection at $3204–$3236 resistance. Ideal stop loss: $3146 (below the $3150.3 low and ~1.3 ATR beneath price).
Market Context
Bearish market structure with price under EMA12/26/50/200, but short-term oversold conditions and tight Bollinger Bands suggest an imminent volatility expansion that can produce a relief rally toward mean levels.