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 in a clear short-term bearish structure: price ($2903) is below EMA12 ($2941), EMA26 ($2975), EMA50 ($3035) and far below EMA200 ($3166), confirming a downtrend with overhead resistance stacked at 2954–3014. Momentum remains negative: RSI 37.4 is weak (not yet deeply oversold), leaving room for further downside before a mean-reversion bid becomes compelling. MACD is still below zero and the histogram is slightly negative (-0.06), suggesting bearish momentum is persisting rather than reversing. Price is also pressing the lower Bollinger Band (2894) after a sharp breakdown candle (16:00) with heavy volume, indicating distribution and a failed attempt to hold the 3k area. Order book shows heavy ask liquidity (188.75 vs 14.73 bid), reinforcing near-term sell pressure. With ATR ~$38.8, a realistic move to the next support zone is feasible within days. Ideal stop loss for a short: $3015 (above BB upper/psychological resistance).
Key Factors
Risk Assessment
Moderate risk: downside continuation is favored, but RSI near the low-40/30 zone and proximity to the lower Bollinger Band increase snapback/short-squeeze risk. Key risk is a reclaim of $2954-$3014 on rising volume.
Market Context
Bearish market structure with lower highs/lower lows; current price consolidating just above lower Bollinger Band support after a sharp selloff from the $3000 region.