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 momentum still bearish. Price ($1924.45) sits below the 12/26/50 EMAs (1945/1956/1972) and well below the 200 EMA (2085), confirming a bearish market structure and overhead supply. MACD is deeply negative (line -11.21 vs signal -1.8) with a large negative histogram (-9.41), indicating downside momentum remains dominant rather than stabilizing. RSI 36.93 is weak but not yet at capitulation/oversold (<30), leaving room for another leg down. The sharp selloff from ~1994 to a low near 1896 occurred on heavy volume, suggesting distribution; the subsequent bounce to 1924 looks like a relief retrace, not a reversal, especially with current volume below average (0.76x) and no bullish divergence signals provided. Bollinger Bands show price hovering just above the lower band (1909), so a breakdown retest is plausible. Ideal stop loss for a short is above the EMA cluster/BB midline, around $1975.
Key Factors
Risk Assessment
Moderate-to-high risk: price is near the lower Bollinger Band and support (~1909/1900), increasing bounce/short-squeeze risk. Main risks are a rapid mean reversion back toward $1960-$1975 and volatility spikes (ATR ~$24).
Market Context
Bearish market structure with lower highs/lows; current move appears to be a post-breakdown consolidation below the EMA cluster and BB midline.