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 ($1970.55) trading below all key EMAs (12/26/50/200), confirming a downtrend across short to long timeframes. Momentum remains negative: RSI(14) at 37.13 is weak (not yet deeply oversold), while MACD is below the signal line (histogram -0.6), indicating bearish momentum is still building rather than reversing. Price has also pushed below the Bollinger lower band ($1987.97) with a sharp sell candle (low $1962.6) on elevated volume (1.34x average), which supports continuation risk rather than a clean mean-reversion bounce. The order book shows thin asks near the top, but that’s not sufficient to offset the broader trend/indicator alignment. Given ATR ~$23, a realistic downside move to the next support zone is achievable within days. Ideal stop loss for a short is above the breakdown/EMA cluster to avoid whipsaw.
Key Factors
Risk Assessment
Moderate-to-high risk due to proximity to potential short-term oversold bounce (RSI ~37) and volatility (ATR ~$23). Key risk is a snapback toward $1988–$2014 (lower band/mid-band) or short-covering above $2025.
Market Context
Bearish market structure with lower highs/lows; recent sharp sell-off broke below the Bollinger lower band and remains under the short-term EMA cluster, keeping trend pressure to the downside.