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 with strong downside momentum. Price ($2190.85) is below the 12/26/50 EMAs (2242/2277/2317) and far below the 200 EMA (2582), confirming a dominant downtrend and overhead supply. MACD is deeply negative (line -34.68 vs signal -16.74) with a negative histogram (-17.94), indicating accelerating bearish momentum rather than a bottoming process. RSI at 36.13 is weak and not yet at capitulation/oversold (<30), leaving room for further downside. Price is hugging the lower Bollinger Band (lower 2167.95) after a sharp sell impulse to 2108.8, and the bounce back to ~2191 looks corrective. Volume is elevated (1.66x average) during the selloff, supporting distribution/forced selling rather than healthy accumulation. Order book shows heavy ask size at the touch (65.23 vs 0.78 bid), suggesting near-term resistance overhead and limited upside follow-through. Ideal stop loss for a short/exit is above $2286 (near EMA12 and prior breakdown zone).
Key Factors
Risk Assessment
Risk is elevated due to high ATR (~$45.76) and potential for sharp short-covering bounces after the 2108 low; manage with a tight invalidation above the 2245–2290 resistance zone and size accordingly.
Market Context
Bearish market structure with lower highs/lower lows; current move appears to be a weak rebound after a high-volume breakdown from the 2280–2315 area, with resistance stacked at 2240–2317 (EMAs) and support near 2168 then 2110–2109.