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 ($2200.95) is trading below the 12/26/50 EMAs (2243/2278/2318) and far below the 200 EMA (2583), confirming a broader downtrend and overhead supply. MACD is deeply negative (line -33.86 vs signal -16.65) with a negative histogram (-17.22), indicating bearish momentum is still accelerating rather than stabilizing. RSI at 37.55 is weak but not yet meaningfully oversold, leaving room for another leg down before a high-probability mean-reversion bounce. Bollinger Bands show price near the lower band (2170) after a sharp sell impulse; the 18:00 candle printed a capitulation-style drop to 2108.8 on very high volume (2.7x average), followed by a bounce to ~2201—typical of a dead-cat bounce/short-covering unless price can reclaim the mid-band (2286) and EMAs. Ideal stop loss for a short: $2318 (near EMA50/failed breakdown retest).
Key Factors
Risk Assessment
High risk due to elevated volatility (ATR ~$47) and potential sharp short-covering rallies after capitulation volume. Key risk is a reclaim of $2286-$2320 (mid-BB/EMA50) which could trigger a squeeze.
Market Context
Bearish market structure with lower lows and price trading under all major moving averages; current bounce appears corrective within a downtrend unless $2286-$2320 is reclaimed on strong follow-through.