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 showing a weak, bearish short-term structure with momentum still negative. Price ($2926.45) is below the 12/26/50/200 EMAs (2940.83/2942.30/2949.41/2973.70), confirming a downtrend and overhead supply into the 2940–2975 zone. MACD remains bearish (line -1.46 below signal -0.17; histogram -1.30), indicating downside momentum has not reset. RSI at 41.48 is not oversold, leaving room for further decline before mean-reversion buyers typically step in. Bollinger Bands are tight (1.38% bandwidth), but price is leaning toward the lower band (2920.19) and just printed a sharp sell candle (08:00) that swept to 2916.8 on near-average volume—suggesting distribution rather than capitulation. Order book is ask-heavy (514 vs 60 at top), which can cap rebounds. A clean break/acceptance below ~2920 increases odds of a move toward the next support zone near 2900–2890. Ideal stop loss for a short: 2952 (above recent intraday resistance/EMA cluster).
Key Factors
Risk Assessment
Moderate risk: Bollinger compression can trigger a volatility expansion and whipsaw; support near 2920/2917 may cause short-covering bounces. Risk increases if price reclaims 2950+ and holds above the EMA cluster.
Market Context
Short-term bearish trend with tight-range consolidation breaking lower; momentum favors sellers while price remains below 2940–2975 resistance band.