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 trading at $2962.55 below all key EMAs (12/26/50/200 clustered near $2981–$2996), signaling a loss of trend support and a bearish market structure. Momentum confirms this: RSI(14) at 44.14 is weak (below the 50 midpoint) without being oversold, leaving room for further downside. MACD is decisively negative (line -13.93 vs signal -7.59) with a negative histogram (-6.34), indicating bearish momentum is still accelerating rather than stabilizing. Price is also below the Bollinger midline ($2999.35) and drifting toward the lower band ($2938.42); with a relatively tight bandwidth (4.06%), a continuation move lower is plausible. Volume is very low (0.19x of 20-period average), which reduces confidence in any bullish reversal and suggests the earlier sell-off hasn’t been met with strong dip-buying. Ideal trade plan: look for continuation toward $2940 and potentially $2900; set a stop loss above reclaimed resistance near the EMA cluster (~$3005).
Key Factors
Risk Assessment
Moderate risk: ATR (~$22) implies manageable volatility, but low volume can cause whipsaws. Key risk is a short squeeze if price reclaims $3000–$3010 and MACD starts to converge.
Market Context
Short-term downtrend with price trading under major moving averages and below the Bollinger midline; support sits at the lower band (~$2938) then ~$2900, while resistance is $2999–$3010 and $3060.