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 weak short-term structure with bearish momentum still in control. RSI(14) at 37.88 is near oversold but not at capitulation levels, suggesting downside pressure can persist before a clean reversal. MACD remains negative (line -11.11 below signal -9.65) with a negative histogram (-1.46), confirming bearish momentum and lack of bullish crossover. Price ($3086) is below the 12/26/50 EMAs and also under the 200 EMA (~$3123), indicating the broader trend is down and rallies are likely to be sold. Bollinger Bands are tight (1.69% bandwidth) with price hugging the lower band ($3080.48), often preceding continuation after a volatility squeeze. The large sell liquidity at the best ask (429 size vs 0.26 bid) signals near-term overhead supply. Although the 08:00 candle showed heavy volume on a sharp drop, current volume is low (0.37x), reducing confidence in a sustainable bounce. Ideal stop loss for a short: $3128 (above 50/200 EMA resistance zone).
Key Factors
Risk Assessment
Moderate risk: RSI is near oversold and Bollinger bandwidth is compressed, so a sharp short-covering bounce is possible. Key risk is a reclaim of $3110-$3130 (EMA cluster) triggering momentum reversal.
Market Context
Short-term downtrend with price trading below the EMA stack (12/26/50/200). Volatility is compressing near the lower Bollinger Band, favoring a continuation move unless resistance is reclaimed on strong volume.