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 short-term bearish continuation setup. Momentum is weak: RSI(14) at 40.3 is below the neutral 50 level (not yet oversold), suggesting sellers still control the tape. MACD is negative with the line (-24.02) below the signal (-20.92) and a negative histogram (-3.1), indicating bearish momentum is still accelerating rather than stabilizing. Price ($3111) is trading below the 12/26/50 EMAs (3137/3161/3179), confirming a downtrend and overhead resistance cluster. Although price is near the lower Bollinger Band (3105.9), the band is tight (2.67% bandwidth), implying a compression that can break lower; the sharp sell impulse at 06:00 with high volume into the 3103 low supports breakdown risk. Order book shows heavy ask liquidity (221.65 vs 20.34 bid), adding near-term sell pressure. Ideal stop loss for a short is above the EMA/BB mid resistance zone around $3165; downside target is the next support near $3055–$3060 (≈2x ATR move).
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band and could mean-revert, causing short squeezes. Key risks are a bounce back above $3148–$3165 (BB mid/EMA cluster) and volatility expansion from the tight bands.
Market Context
Bearish market structure with lower highs and a recent impulsive leg down to ~$3103; current action is a weak consolidation under resistance, favoring continuation unless $3148–$3165 is reclaimed.