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 bearish short-term structure with weak momentum and poor bid support. RSI at 35.21 is near-oversold but not yet signaling a clear reversal, while MACD remains negative (line -11.46 below signal -9.17) with a negative histogram (-2.28), indicating downside momentum is still active. Price ($3084.05) is trading below all key EMAs (12/26/50/200), reinforcing a broader bearish bias and suggesting rallies are likely to be sold. Bollinger Bands are very tight (bandwidth 1.77%), and price is sitting on the lower band ($3082.61), which often precedes expansion; given the trend and MACD alignment, downside expansion is the higher-probability path. Volume is notably weak (0.31x of 20-period average), implying the bounce attempts lack conviction. The order book is also skewed with heavy ask liquidity near $3084.1, capping upside. Ideal stop loss for a short: $3126 (above recent swing/EMA cluster).
Key Factors
Risk Assessment
Moderate risk: RSI near-oversold raises short-squeeze/bounce risk, especially from the lower Bollinger Band. Low volatility (ATR ~$20) can expand quickly; use tight risk controls and avoid over-leverage.
Market Context
Short-term downtrend: lower highs/lows intraday, breakdown from the 3110–3125 area, and price acceptance below the EMA cluster suggests bears control unless ETH reclaims ~$3110–3130 with volume.