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 ($2676) is below the 12/26/50/200 EMAs (2728/2761/2814/2927), confirming a strong downtrend with overhead resistance stacked above. Momentum is weak: RSI 41.3 is below neutral and not yet oversold, leaving room for continuation lower. While MACD remains negative, the histogram turning positive (3.76) suggests bearish momentum is slowing, but not reversing—this is consistent with a dead-cat bounce risk rather than a trend change. Price is trading below the lower Bollinger Band (lower ~2699) after a sharp -5.04% day, indicating downside expansion; with bandwidth tight (2.48%), the break can lead to follow-through. The last hour printed a large sell-off candle into $2665 with very high volume (2.01x average), supporting distribution/forced selling. Given trend alignment and failed attempts to reclaim 2700–2730, the higher-probability trade is to close longs or hold/enter a short targeting the next support zone near 2600.
Key Factors
Risk Assessment
Moderate-to-high risk: MACD histogram improving raises squeeze/bounce risk, and ATR (~$43) implies fast swings. Key risks are a short-covering rally back above 2700–2730 and mean reversion toward the Bollinger mid/EMAs.
Market Context
Bearish market structure with lower highs/lower lows; current price is below key support-turned-resistance (2700–2730) and under major moving averages, indicating sellers control the trend.