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 bearish short-term structure with weakening momentum and heavy sell pressure. Price ($2925.95) is trading below the 12/26/50 EMAs (2951.6/2961.63/2983.43) and far below the 200 EMA (3106.2), confirming a downtrend and overhead resistance stack. MACD remains negative (line -10.03 below signal -9.53) with a negative histogram (-0.5), indicating bearish momentum is still in control rather than a clean reversal. RSI at 46.31 is not oversold, leaving room for further downside before mean-reversion buyers typically step in. Price is pressing the lower Bollinger Band (2925.1) after a sharp sell candle with elevated volume at 06:00, suggesting downside expansion rather than stable consolidation, despite tight bandwidth (1.77%). Order book imbalance (very large ask size near 2926) adds near-term resistance and supports a continuation move toward lower supports. Ideal stop loss for a short/exit is above the EMA cluster and upper band.
Key Factors
Risk Assessment
Moderate-to-high risk due to proximity to lower Bollinger Band (potential short-term bounce). Key risks: mean-reversion rally back to 2950–2980 resistance zone and volatility spikes (ATR ~$21). Use tight risk controls and avoid overleverage.
Market Context
Bearish market structure: lower highs and price acceptance below short/mid EMAs; sellers defended 2975–2985 and drove price back to the lower band near 2925.