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 bearish structure with strong downside momentum. Price ($1907.95) is trading below the lower Bollinger Band ($1927.5), signaling a volatility expansion to the downside and potential trend continuation rather than a clean mean-reversion setup. Momentum confirms weakness: RSI(14) at 35.81 is near oversold but not at capitulation levels, while MACD is firmly negative (line -3.68 vs signal 1.18) with a deeply negative histogram (-4.87), indicating accelerating bearish momentum. Trend alignment is also bearish: price is below EMA12/26/50 and far below EMA200 ($2090.77), suggesting rallies are likely to be sold. The last two hours show a sharp breakdown from the 1970–1995 zone into 1900 with very heavy volume (3.65x average), which typically validates the move and increases follow-through risk. Ideal stop loss for a short is above the breakdown/retest zone near $1948 (or more conservatively $1966 at EMA26). Take profit targets focus on the next support shelf around $1860–$1825 based on ATR and recent swing lows.
Key Factors
Risk Assessment
Moderate-to-high risk: RSI near oversold raises short-squeeze/rebound risk, but heavy sell volume and bearish EMA structure favor continuation. Key risk is a fast mean-reversion back above $1927–$1966.
Market Context
Bearish market structure: lower highs/lows and price trading below short-, medium-, and long-term EMAs; momentum and volatility expansion currently favor sellers.