Amid global health crises, such as the COVID-19 pandemic, the heightened prevalence of mental health disorders like stress and anxiety has underscored the importance of understanding and predicting human emotions. Introducing "EmotionNet," an advanced system that leverages deep learning and state-of-the-art hardware capabilities to predict emotions, specifically stress and anxiety. Through the analysis of electroencephalography (EEG) signals, EmotionNet is uniquely poised to decode human emotions in real time. To get information from pre-processed EEG signals, the EmotionNet architecture combines convolutional neural networks (CNN) and long short-term memory (LSTM) networks in a way that works well together. This dual approach first decomposes EEG signals into their core alpha, beta, and theta rhythms. We preprocess these decomposed signals and develop a CNN-LSTM-based architecture for feature extraction. The LSTM captures the intricate temporal dynamics of EEG signals, further enhancing understanding. The end process discerningly classifies signals into "stress" or "anxiety" states through the AdaBoost classifier. Evaluation against the esteemed DEEP, SEED, and DASPS datasets showcased EmotionNet's exceptional prowess, achieving a remarkable accuracy of 98.6%, which surpasses even human detection rates. Beyond its technical accomplishments, EmotionNet emphasizes the paramount importance of addressing and safeguarding mental health.