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 price ($2211.65) trading below the 12/26/50 EMAs (2239/2273/2313) and far below the 200 EMA (2579), indicating a strong downtrend and overhead supply. Momentum confirms weakness: RSI 38.36 is bearish (not yet deeply oversold), and MACD remains negative with a widening negative histogram (-14.36), suggesting downside momentum is still dominant rather than reversing. Price is also below the Bollinger midline (2279.5) and only ~2.2% above the lower band (2163.36), implying downside pressure with limited mean-reversion strength so far. Recent candles show a high-volume sell impulse (notably 18:00 with a sweep to 2108.8) followed by a bounce to 2204–2212, but the current volume is low (0.35x average), making the rebound look like weak short-covering rather than strong demand. With resistance clustered at 2240–2280 (EMAs + prior breakdown), risk/reward favors selling rallies or closing longs, targeting a retest of 2163 then 2110/2109.
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated ATR (~$47) and proximity to the lower Bollinger Band (potential sharp mean-reversion bounce). Key risk is a squeeze above 2280–2315 (EMA cluster) invalidating the short thesis.
Market Context
Bearish trend with lower highs/lows; recent high-volume flush to ~2109 followed by a low-volume rebound into overhead resistance (2240–2280).