ETH
SELLConfidence 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 clear bearish structure: price ($2727) is below the 12/26/50/200 EMAs (2762/2814/2867/2953), confirming a downtrend with overhead resistance stacked above. Momentum remains negative as MACD is below zero and the histogram is still negative (-0.47), suggesting bearish momentum hasn’t reversed yet. RSI at 42 is not oversold, leaving room for further downside before mean-reversion buyers typically step in. Price is also trading below the Bollinger midline ($2791) and is hovering near the lower band ($2682), implying continuation risk toward that band/support zone. The sharp -7.27% 24h drop and the large sell impulse candle (01:00) indicate distribution, and the order book shows heavy ask liquidity near current price (ask size ~294 vs bid 0.02), adding near-term sell pressure. Volume is currently only 0.3x of the 20-period average, which weakens any bounce attempt and favors selling/closing longs into rallies. Ideal stop loss for a short: $2795 (above BB mid/near EMA12 resistance).
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated volatility after a -7.27% daily move; downside continuation is favored but proximity to the lower Bollinger Band ($2682) increases snap-back risk. Key risk is a short-covering bounce above $2790-$2815.
Market Context
Bearish market structure with lower highs/lower lows; price is attempting to stabilize after a sharp sell-off but remains below key trend-defining averages and below the Bollinger midline.