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 pointed down. RSI at 43.89 is below neutral and not yet oversold, suggesting downside room before a mean-reversion bid becomes compelling. MACD remains negative (line -23.82 below signal -21.40) with a negative histogram (-2.41), confirming bearish momentum and no clear bullish turn. Price ($3117.65) is below the 12/26/50 EMAs (3134/3158/3177), reinforcing a downtrend; it is also slightly below the 200 EMA (3128.56), which often acts as a key pivot—failure to reclaim it keeps bias bearish. Recent candles show a sharp breakdown to ~$3103 with elevated volume (06:00–07:00), followed by a weak bounce that stalled under nearby resistance. Bollinger Bands are tight (2.48% bandwidth), but price is hugging the lower band (3105), implying a “walk-down” risk rather than a clean reversal. Ideal stop loss for a short is above $3148 (near middle band/EMA12 zone).
Key Factors
Risk Assessment
Moderate risk: bands are tight and ATR is ~$26, so a quick mean-reversion squeeze is possible if ETH reclaims $3130–$3150. Key risk is a short-covering rally above the 200 EMA and EMA12/BB midline cluster.
Market Context
Short-term bearish trend with lower highs and a breakdown into the lower Bollinger Band area; market is consolidating near support (~3100) after an impulsive selloff, but structure remains bearish unless $3145–$3160 is reclaimed.