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 ($2902.55) is trading below the 12/26/50/200 EMAs (2930–2968), confirming downside market structure and overhead supply. Momentum is negative: RSI 42.74 is below the 50 midline (bearish, but not yet oversold), while MACD is decisively bearish (line -5.26 below signal 0.15; histogram -5.4), indicating accelerating downside momentum rather than a basing process. Bollinger Bands are tight (2.21% bandwidth), and price is sitting at/just below the lower band (~2902.93), which often precedes expansion; given the trend and MACD, expansion risk skews lower. Recent candles show a sharp breakdown from ~2946 to ~2920 and then ~2902 with elevated volume during the drop, followed by low-volume stabilization (0.7x), suggesting weak dip-buying. Ideal stop loss for a short is above the breakdown/EMA cluster near $2945 (more conservative: $2968).
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band, so a short-covering bounce is possible. Main risks are mean reversion toward 2935–2968 and volatility expansion against the position; manage with a tight stop above $2945 and avoid over-leverage.
Market Context
Short-term downtrend with bearish momentum; consolidation at the lows after a breakdown, with resistance layered at $2935–$2968 and support near $2890 then $2865.