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, bearish-to-neutral structure with clear downside pressure. RSI(14) at 40.49 remains below the midline, indicating lack of bullish momentum without being deeply oversold. MACD is negative (line -2.84 below signal -1.77) with a negative histogram (-1.06), confirming bearish momentum is still building rather than reversing. Price ($3079.75) is trading below all key EMAs (12/26/50/200), which reinforces a broader downtrend and makes rallies into the $3089–$3114 zone likely to be sold. Bollinger Bands are extremely tight (0.73% bandwidth) with price hugging the lower band ($3079.34), suggesting a volatility expansion risk; given trend/EMAs/MACD, the higher-probability expansion is downward. The last hour shows heavy volume (2.76x average) on a push into the lows, and the order book is ask-heavy (206 vs 25 size), adding near-term sell pressure. Ideal stop loss for a short: $3103 (above upper band/near EMA50 resistance).
Key Factors
Risk Assessment
Moderate risk: Bollinger compression can cause sharp whipsaws; a quick reclaim of $3095–$3110 (EMAs) would invalidate the short thesis. Use tight risk control due to low ATR but potential breakout.
Market Context
Short-term downtrend and consolidation near support with volatility compression; momentum and moving averages favor downside continuation unless price reclaims the EMA cluster.