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 structure with price ($3202.25) trading below all key EMAs (12/26/50/200), confirming overhead supply and a downtrend bias. Momentum is not yet oversold: RSI 42 suggests room for further downside before a mean-reversion bid becomes compelling. Although MACD histogram is positive (3.08) with the MACD line above the signal (less negative), this reads as a bearish-momentum slowdown rather than a confirmed reversal because both lines remain below zero and price failed to reclaim the EMA cluster around $3216–$3255. Bollinger Bands are extremely tight (0.96% bandwidth), and the latest candle pushed to the lower band area ($3197.79) on high volume (1.83x), indicating distribution and increased probability of a volatility expansion downward. Order book is also ask-heavy (large size at best ask), reinforcing near-term selling pressure. Preferred trade is to close longs / take a tactical short toward the next support zone around $3175–$3185, with risk defined above the EMA/upper band region.
Key Factors
Risk Assessment
Moderate risk: Bollinger squeeze can break either way and MACD histogram improvement raises reversal risk; protect with a tight stop above the EMA/upper-band resistance zone.
Market Context
Short-term bearish trend with consolidation near $3200; price is compressing under a heavy EMA resistance stack, favoring continuation lower unless $3230–$3255 is reclaimed.