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 deeply oversold with RSI(14) at 15.72, a level that often precedes mean-reversion bounces even within a broader bearish trend. Price ($3121.75) is trading below all key EMAs (12/26/50/200), confirming bearish structure, but it is also pressing the lower Bollinger Band ($3133.21), indicating stretched downside. The selloff accelerated during the 06:00 candle (low $3106.7) on elevated volume, and the current volume ratio is 1.68x, suggesting capitulation-style participation rather than a slow bleed. MACD remains negative (line -27.07 below signal -20.26) with a negative histogram (-6.8), so this is a counter-trend long and requires tight risk control. With ATR at $22.76, a realistic 1–7 day rebound target is a retest of the middle band/EMA cluster near $3194–$3200. Ideal stop loss: $3095 (below the $3106.7 swing low, allowing for ATR noise) to maintain a favorable risk/reward toward $3195–$3200.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and MACD is still negative, so the trade is a mean-reversion long that can fail if $3106 support breaks. Key risks are continuation selling, whipsaws due to ATR, and a weak bounce into EMA resistance.
Market Context
Bearish market structure with price below EMA12/26/50/200, but short-term momentum appears stretched to the downside near lower Bollinger Band support, favoring a tactical rebound setup.