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 setup with limited evidence of a durable reversal. RSI(14) at 37.65 is near oversold but not at an extreme, suggesting downside room remains before capitulation-style buying typically appears. MACD is firmly negative (line -3.52 vs signal -0.61) with a negative histogram (-2.92), indicating bearish momentum is still accelerating rather than stabilizing. Price ($2921.05) is trading below all key EMAs (12/26/50/200), confirming a broader downtrend and overhead supply into ~$2936–$2973. Bollinger Bands are tight (1.25% bandwidth) and price is sitting at/just below the lower band (~$2922), which can precede expansion; given trend and MACD, expansion risk is skewed lower. The 08:00 candle shows a sharp drop to $2916.8 on heavy volume, but the current hour volume is very low (0.14x avg), implying weak dip-buying follow-through. Recommendation: SELL/close longs; for a short, ideal stop loss is $2947.5 (above recent intraday structure/near EMA50).
Key Factors
Risk Assessment
Moderate risk: Bollinger compression can trigger sharp volatility expansion; downside follow-through is favored, but a mean-reversion bounce from the lower band/RSI ~38 is possible. Use tight risk controls above ~$2947.5.
Market Context
Short-term bearish continuation within a broader downtrend; overhead resistance clustered at $2936–$2973 (EMA stack) and support near $2915–$2900.