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 $2967.7 with a clearly bearish short-term structure. Price is below the 12/26/50 EMAs (2992/2996/3019) and well below the 200 EMA (3137), confirming a downtrend and overhead supply. Momentum supports further downside: RSI(14) at 36.3 is weak (not yet a high-conviction reversal), while MACD is negative with a deeply negative histogram (-6.2), indicating bearish acceleration rather than stabilization. Bollinger Bands show price pressing the lower band (2966.3) with tight bandwidth (2.78%), often preceding expansion; given trend and MACD, the higher-probability expansion is downward. Recent candles show a sequence of lower closes from ~3018 to ~2967 with heavier sell volume around 13:00–14:00, suggesting distribution. With ATR ~$23, a break below 2960/2950 can quickly target the next supports near 2920 then 2880. Ideal stop loss for a short is above the EMA cluster/resistance at ~$3015.
Key Factors
Risk Assessment
Moderate risk: RSI is nearing oversold, so short-covering bounces are possible. Key risks are a reclaim of $3008–$3020 (mid-band/EMA50 zone) and volatility expansion upward; keep stops tight above $3015 and manage position size.
Market Context
Short-term downtrend with lower highs/lows; price is consolidating at lower Bollinger support after a steady selloff from the $3020 area, with broader trend bearish under the 200 EMA.