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 at $2212 is trading below all key short/mid EMAs (12/26/50) and far below the 200 EMA ($2526), confirming a bearish market structure. Momentum is negative: RSI 43.5 is below the neutral 50 level without being meaningfully oversold, leaving room for further downside. MACD is firmly bearish (line -13.22 below signal -6.97; histogram -6.25), indicating accelerating downside momentum rather than a basing process. Price is riding the lower Bollinger Band (lower $2200) after a sharp hourly selloff to $2197 and only a modest bounce, suggesting weak dip-buying. Volume is slightly above average (1.1x) and increased into the drop, which supports distribution rather than capitulation. With ATR ~$31.8, a realistic downside move of 1–2 ATR targets the $2160–$2145 zone quickly if $2200 breaks. Ideal stop loss for a short is above reclaimed resistance near $2265 (prior breakdown/EMA12 area), preserving a favorable risk/reward toward the next supports.
Key Factors
Risk Assessment
Moderate risk: downside momentum is strong, but proximity to the lower Bollinger Band and $2200 support raises bounce/short-squeeze risk; tight risk control needed. Key risk is a reclaim of $2255–$2285 on rising volume.
Market Context
Bearish structure with lower highs/lower lows and momentum deterioration; $2200 is immediate support, while $2255–$2285 is the first resistance cluster (BB mid/EMAs).