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 ($2112.55) below the 12/26/50/200 EMAs (EMA12 $2125 < EMA26 $2161 < EMA50 $2207 < EMA200 $2465), confirming a downtrend across multiple timeframes and making rallies likely to face supply. Momentum remains negative: MACD line (-35.28) is below the signal (-34.36) with a negative histogram (-0.92), indicating bearish continuation rather than reversal. RSI 47.37 is neutral-to-weak (not oversold), so there’s room for further downside without needing a mean-reversion bounce. Price is also below the Bollinger midline ($2143) and is hovering near the lower band ($2069.91), consistent with “walking the band” behavior during selloffs. The 24h drop (-7.33%) shows strong downside impulse, while the very low volume ratio (0.17x) suggests the latest bounce attempt lacks conviction and may be a weak retracement into resistance. Ideal stop loss for a short: $2165 (above EMA26/near recent swing highs).
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated ATR (~$52) and proximity to the lower Bollinger Band (snapback rallies possible). Key risks: short squeeze above $2165 and a volatility rebound after the -7.33% daily selloff.
Market Context
Bearish trend with lower highs/lower lows; price is consolidating near $2100 after a sharp daily selloff and remains below key dynamic resistance (EMA26/EMA50).