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 with momentum still negative. RSI(14) at 37.5 is weak (not yet deeply oversold), suggesting downside can continue before a reliable mean-reversion bounce. MACD remains below zero with the MACD line (-23.52) under the signal (-20.75) and a negative histogram (-2.78), indicating bearish momentum is still accelerating rather than stabilizing. Price ($3113.55) is trading below the 12/26/50 EMAs (3144/3168/3185), reinforcing a downtrend and overhead resistance stack. The sharp sell candle to ~$3104 with elevated volume (22334) indicates distribution and a breakdown move; the subsequent bounce is modest and sits right on the lower Bollinger Band (~3104.8), which can “ride the band” during trends. EMA200 (~3128.9) is also overhead, likely acting as near-term resistance on any bounce. Given the bearish trend, weak momentum, and resistance congestion above, risk/reward favors closing longs or a tactical short with a tight invalidation above the EMA200/BB mid area.
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band and RSI is approaching oversold, so a short-covering bounce is possible. Key risk is a reclaim of EMA200 (~3129) followed by a push toward BB mid/EMA26-50 zone.
Market Context
Overall bearish market structure on the short-term timeframe: lower highs, breakdown move into support near 3100, and momentum indicators still pointing down with resistance layered from 3129 to 3185.