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 structure with momentum still pointing down. RSI at 41.25 is weak (below 50) but not yet oversold, suggesting room for further downside before a mean-reversion bounce becomes compelling. MACD remains negative (line -24.49 below signal -21.48) with a negative histogram (-3.01), confirming bearish momentum rather than a reversal. Price ($3109.35) is trading below the 12/26/50 EMAs (3133/3158/3177), reinforcing a downtrend and overhead resistance cluster. The sharp sell candle into ~$3103 (near the lower Bollinger Band at $3103.53) followed by only a modest bounce implies sellers are still in control; bandwidth is tight (2.56%), so expansion risk favors continuation after the breakdown. Key support is $3103-$3090, and a clean loss likely targets the psychological $3000 zone. Ideal stop loss for a short: $3145 (above the mid-band/near recent breakdown area).
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band and support ($3103-$3090), so a short-covering bounce is possible. Main risks are a reclaim of $3140-$3150 and volatility expansion against the position (ATR ~$25).
Market Context
Short-term downtrend with lower highs/lower lows; momentum bearish and price trading below the main EMA stack, with support being tested around $3100.