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-to-bearish technical posture with limited evidence of a reversal. Price ($2928.55) is below the 12/26/50/200 EMAs (2932/2936/2945/2971), keeping market structure bearish and indicating overhead supply on any bounce. Momentum confirms this: RSI(14) at 42.24 is below the neutral 50 line (not oversold enough to suggest capitulation), while MACD remains negative (line -4.48 below signal -2.78) with a negative histogram (-1.7), implying bearish momentum is still building rather than bottoming. Bollinger Bands are tight (1.41% bandwidth), and price is hovering near the lower band (2918), which often precedes a volatility expansion; given the trend and MACD, downside expansion is more likely. The order book shows heavy ask liquidity (153.91 vs 7.82 bid) near 2928.6, reinforcing near-term resistance. Volume is only 0.29x average, so the small rebound lacks conviction—favoring a sell/short with a tight invalidation above the EMA cluster. Ideal stop loss: $2950.
Key Factors
Risk Assessment
Moderate risk: Bollinger compression can trigger sharp moves both ways; a squeeze above ~2945–2971 would invalidate the bearish bias. Key risks are a sudden volatility expansion upward and short-covering if price reclaims the EMA cluster.
Market Context
Bearish short-term trend with consolidation near the lower Bollinger Band; momentum remains negative and price is capped below the EMA stack, implying a continuation-biased range that favors downside tests.