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 short-term downtrend with momentum still bearish. Price ($2197.85) is trading below the 12/26/50 EMAs ($2251/$2262/$2287) and far below the 200 EMA ($2529), confirming a bearish market structure. MACD is negative (line -10.95 below signal -6.62) with a negative histogram (-4.33), indicating accelerating downside momentum rather than a basing turn. RSI 41.73 is weak but not oversold, leaving room for further selling before mean-reversion buyers typically step in. Price is also pressing the lower Bollinger Band ($2171), and the sharp hourly selloff into $2198 suggests a breakdown from the prior consolidation near $2250–$2280. Volume is below average (0.69x), which reduces confidence in a capitulation low and favors continuation/slow grind lower. Order book shows heavy ask size at best ask, implying overhead supply. Ideal stop loss for a short/exit trigger is above $2265 (near prior support-turned-resistance and above recent swing area).
Key Factors
Risk Assessment
Moderate-to-high risk: price is near the lower Bollinger Band, so a short-term bounce is possible; however, trend/momentum remain bearish. Key risks are a mean-reversion rally back to $2250–$2280 and volatility spikes (ATR ~$30.8).
Market Context
Overall bearish market structure with lower highs/lower lows; current move is a continuation leg below key moving averages, with $2250–$2280 acting as resistance and $2170 then ~$2100 as next support zones.