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 ($2208) is below the 12/26/50 EMAs and far below the 200 EMA ($2526), confirming a broader downtrend. Momentum is negative and accelerating—MACD line (-13.56) is below the signal (-7.01) with a deeply negative histogram (-6.55), indicating downside continuation rather than a basing reversal. RSI 42.4 is weak but not oversold, leaving room for further selling pressure before mean-reversion buyers typically step in. Price is also pressing the lower Bollinger Band ($2199.6) after a sharp intraday breakdown (notably the 13:00 candle to ~$2197), which often precedes either a bounce or a trend “walk-down”; given the MACD/EMA alignment, continuation is favored. Volume is low (0.39x of 20-period average), suggesting the bounce is not strongly supported; order book shows heavier ask size than bid, adding near-term overhead supply. Ideal stop loss for a short is above $2265 (near recent breakdown/EMA12 zone).
Key Factors
Risk Assessment
Moderate-to-high risk: price is near the lower Bollinger Band so short-term bounces can be sharp; low liquidity/volume can increase whipsaw. Key risk is a squeeze back above $2255–$2265 invalidating near-term bearish continuation.
Market Context
Overall market structure is bearish with lower highs/lower lows intraday and price trading below key moving averages; momentum remains negative and volatility (ATR ~$29.7) supports further downside tests of nearby supports.