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 ($1917.85) trading below all key EMAs (12/26/50/200), confirming a downtrend across short-, mid-, and long-term timeframes. Momentum is decisively negative: RSI(14) at 36.23 is weak (not yet a strong oversold reversal signal), while MACD is deeply bearish (line -10.01 vs signal -0.40; histogram -9.62), indicating accelerating downside momentum rather than stabilization. Price is pressing the lower Bollinger Band ($1911.82) after a sharp sell impulse (15:00–16:00 candle breakdown with very high volume), suggesting the move is supported by participation, not just thin liquidity. Although volume is only 1.38x average (not extreme capitulation), the recent distribution and failure to reclaim the BB midline/EMAs imply rallies are likely to be sold. With ATR at $23.29, near-term volatility remains elevated, increasing drawdown risk if holding longs. Ideal stop loss for a short: $1962 (above BB midline/near EMA cluster).
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated ATR and proximity to the lower Bollinger Band (bounce risk). Key risk is a short-covering rebound toward $1960–$1980 if price reclaims the BB midline/EMA12.
Market Context
Bearish market structure with lower highs/lower lows; sellers in control and rallies likely corrective unless ETH reclaims $1960–$1975 decisively.