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 $2110.9 remains in a clear bearish structure after a sharp -6.61% 24h move. Trend and momentum indicators align bearishly: RSI 41.75 shows weak demand without reaching oversold conditions, while MACD is negative (line -35.19 below signal -34.62) with a negative histogram (-0.57), suggesting downside momentum is still developing rather than reversing. Price is below key moving averages (EMA12 2120, EMA26 2155, EMA50 2202, EMA200 2461), confirming a multi-timeframe downtrend and overhead resistance stacked from ~2120–2200. Bollinger Bands show price sitting near the lower band (2074.7), indicating persistent selling pressure; a mean reversion bounce is possible, but it lacks confirmation because volume is very weak (0.35x of 20-period average), reducing the probability of a sustainable reversal. With ATR ~$46.6, a continuation move toward the next support zone (~2075 then ~2000) offers a cleaner risk/reward than attempting a long in a falling market. Ideal stop loss for a short: $2165 (above recent swing highs/EMA26 zone).
Key Factors
Risk Assessment
Moderate-to-high risk due to proximity to the lower Bollinger Band (bounce risk) and elevated ATR. Key risks: short-covering rally above $2155–$2165 and sudden volume spike reversing momentum.
Market Context
Bearish market structure with lower highs/lower lows; price consolidating near lower Bollinger Band after a strong selloff, with resistance concentrated at $2120–$2200 and support at ~$2075 then ~$2000.