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, high-volume breakdown with momentum still negative. RSI(14) at 35.8 is near oversold but not yet at capitulation levels, suggesting downside can persist before a durable bounce. MACD remains below signal (line -11.7 vs -9.71) with a negative histogram (-1.98), confirming bearish momentum and no clear bullish crossover. Price ($3078.85) is sitting on the lower Bollinger Band ($3078.79) with very tight bandwidth (1.77%), often preceding expansion; given trend and MACD, the higher-probability expansion is downward. All key EMAs are overhead (12/26/50/200 at 3097–3129), forming a stacked resistance zone; repeated failures near 3100–3125 favor sellers. The 08:00 and 14:00 candles show sharp sell-offs with volume far above average (3.15x), indicating distribution rather than quiet consolidation. Recommendation: SELL/close longs, targeting a move toward the next psychological/support zone around 3050–3040. Ideal stop loss for the short is above the EMA cluster and upper micro-resistance at $3125.
Key Factors
Risk Assessment
Moderate-to-high risk: RSI near oversold and price at the lower Bollinger Band increases snapback/bounce risk; however, momentum and EMA resistance favor continuation. Tight bands imply volatility expansion—manage with a hard stop.
Market Context
Short-term market structure is bearish with lower highs and heavy sell pressure; price is trading below the main EMA stack and hugging the lower Bollinger Band, indicating trend-following sellers remain in control.