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 clear short-term bearish bias. Price ($2902.65) is below the lower Bollinger Band ($2908.58) and below all key EMAs (12/26/50/200 clustered $2936–$2968), confirming overhead resistance and a downtrend structure. Momentum is negative: RSI(14) at 40.1 is not yet oversold, leaving room for further downside before a mean-reversion bid becomes likely. MACD is decisively bearish (line -2.81 below signal 0.53; histogram -3.34), indicating accelerating downside momentum rather than a basing process. The sharp drop in the last two hours (to a $2889.5 low) occurred on elevated volume (2.63x average), which supports distribution/sell pressure rather than a low-volume shakeout. Order book also shows heavier ask liquidity (171 vs 39 size), suggesting near-term sell-side dominance. Ideal stop loss for a short is ~$2945 (above EMA50/near mid-band), targeting a move toward the next support zone around $2865–$2850.
Key Factors
Risk Assessment
Moderate-to-high risk: volatility is contained (ATR ~$18) but price is extended below the lower band, increasing snapback risk. Main risks are a short-covering bounce back above $2938–$2945 and a reclaim of the Bollinger midline ($2937.5).
Market Context
Bearish market structure: lower highs into a breakdown, with EMAs stacked above price and momentum indicators pointing down; near-term support sits around $2890 then $2865–$2850, while resistance is $2938–$2968.