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 trading at $2927.65 in a clear bearish structure: price is below EMA12 ($2958), EMA26 ($2995.7), EMA50 ($3057.99) and EMA200 ($3177.87), showing persistent downside trend and overhead resistance layers. RSI(14) at 46.26 is not oversold, leaving room for further decline without an immediate mean-reversion signal. MACD remains negative (line -37.7) but the histogram has turned slightly positive (+2.21), suggesting weakening downside momentum; however, this is not yet a confirmed bullish reversal while price continues to print lower intraday closes. Bollinger Bands are tight (2.98% bandwidth) with price sitting near the lower band ($2922.85), and the sharp 24h drop (-3.87%) combined with elevated volume (1.8x average) indicates distribution rather than healthy dip-buying. The order book is also skewed with a very large best ask size versus bid, reinforcing near-term sell pressure. Ideal stop loss for a short/exit is above $2975 (reclaim of EMA12/near-term breakdown level).
Key Factors
Risk Assessment
Moderate-to-high risk: tight Bollinger Bands can trigger sharp squeezes, and MACD histogram improvement raises rebound risk. Key risk is a quick reclaim above $2967-$2996 (BB mid/EMA26) forcing a short squeeze.
Market Context
Bearish market structure with lower highs/lows and price trading below major moving averages; momentum is negative despite minor stabilization signals.