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-to-bearish setup with momentum and trend aligned to the downside. Price ($2927.6) is trading below the 12/26/50 EMAs (2951.9/2961.8/2983.5) and far below the 200 EMA (3106.2), confirming a broader bearish market structure and overhead supply on any bounce. MACD is negative with the histogram below zero (-0.38), suggesting downside momentum is still active rather than reversing. RSI (46.8) is below the midpoint and not oversold, implying room for further decline before a high-probability mean-reversion buy. Price is also pressing the lower Bollinger Band (2925.5) after a sharp sell candle with very high volume at 06:00, indicating distribution and failed attempts to hold above the mid-band/EMAs. With ATR at ~$21, a realistic near-term move to the next support zone is feasible. Ideal stop loss for a short is above reclaimed resistance at ~$2965 (above EMA12/26 and recent intraday pivot).
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band, so a short-term bounce is possible; however, trend/EMA structure remains bearish. Key risk is a squeeze above ~$2965–$2985 on a momentum reversal.
Market Context
Bearish market structure with lower highs and price trading below short- and long-term EMAs; momentum favors sellers unless ETH reclaims ~$2965–$2985.