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 short-term downtrend with price ($1974.85) trading below all key EMAs (12/26/50/200), confirming bearish market structure and overhead resistance. Momentum is weak: RSI(14) at 38.19 is not yet oversold, leaving room for further downside before a mean-reversion bid is statistically attractive. MACD remains negative with the line below the signal and a slightly negative histogram (-0.3), indicating bearish momentum is still intact rather than reversing. Price action shows a sharp breakdown in the last hour (low $1965.5) with a -3.79% 24h move; volume is only average (1.0x), suggesting sellers are steady rather than capitulative (no clear exhaustion signal). Bollinger Bands are tight (2.46% bandwidth) but price is below the lower band ($1989.55), which can precede continuation after a volatility expansion. Order book is ask-heavy at the top (803 vs 131), adding near-term sell pressure. Ideal stop loss for a short is $2015 (above the lower band and near recent breakdown area).
Key Factors
Risk Assessment
Moderate risk: price is extended below the lower Bollinger Band, so a snapback toward $1990-$2015 is possible; however, trend and momentum remain bearish. Main risk is a short-covering bounce if RSI drops into oversold and MACD histogram flips positive.
Market Context
Bearish market structure with lower highs/lows and price trading beneath short-, mid-, and long-term EMAs; volatility poised to expand after tight Bollinger Bands.