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 structure. Price ($2901.95) is trading below the 12/26/50/200 EMAs (2930–2968), confirming a stacked resistance zone overhead and a downtrend bias. Momentum is negative: RSI 42.52 is weak (below 50) without reaching oversold, suggesting room for further downside before a mean-reversion bounce is likely. MACD is firmly bearish (line -5.31 below signal 0.14; histogram -5.45), indicating accelerating downside momentum. Price is also pressing the lower Bollinger Band (lower 2902.78) after a sharp breakdown candle (22:00–23:00), which often precedes continuation to the next demand zone rather than immediate reversal—especially with low participation (volume ratio 0.46x), implying weak dip-buying. With ATR at ~$18, a realistic 1–7 day move can test lower supports. Ideal stop loss for a short is above the EMA cluster/BB midline; a close back above ~2945 would invalidate the breakdown and favor covering.
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band, so a short-term bounce/short squeeze is possible. Key risks are a reclaim of 2935–2945 (EMA cluster) or a volatility spike that snaps price back toward 2968 (EMA200). Use a tight invalidation above resistance.
Market Context
Short-term downtrend with a breakdown from the 2945–2965 area; market structure is bearish and momentum is deteriorating while liquidity/spread remains tight.