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 ($2107) is below the 12/26/50/200 EMAs (2124/2160/2207/2465), confirming a downtrend across short-to-long timeframes. Momentum remains negative with MACD line (-35.71) below signal (-34.40) and a negative histogram (-1.31), suggesting bearish continuation rather than a reversal. RSI at 46 is not oversold, leaving room for further downside before mean-reversion buyers typically step in. Price is also below the Bollinger midline ($2142.79) and hovering near the lower band ($2069.14), indicating downside pressure; a band “walk” lower is possible. The 24h drop (-7.57%) increases liquidation/volatility risk, and ATR ($52) supports a realistic near-term move to the next support zone. Volume is notably weak (0.29x of 20-period average), implying the bounce attempts lack demand confirmation. Ideal stop loss for a short is above $2165 (near recent intraday highs/EMA cluster).
Key Factors
Risk Assessment
Moderate-high risk: volatility is elevated after a sharp 24h selloff; a short squeeze is possible if price reclaims $2143-$2165. Key risk is a sudden bounce from the $2069-$2070 lower Bollinger/support zone.
Market Context
Bearish market structure with lower highs and price trading below major moving averages; momentum favors continuation toward support unless $2143-$2165 is reclaimed.