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 momentum still negative. RSI(14) at 39.93 indicates weak demand (not yet deeply oversold), leaving room for further downside before a mean-reversion bid becomes compelling. MACD remains bearish (line -11.83 below signal -9.35) with a negative histogram (-2.48), suggesting downside momentum is still building rather than stabilizing. Price ($2919.75) is trading below the 12/26/50 EMAs (2946.71/2958.53/2980.94) and well below the 200 EMA (3104.34), confirming a broader downtrend and overhead resistance. Bollinger Bands are tight (1.88% bandwidth) and price is sitting on/just below the lower band (2920.92), which often precedes an expansion move; given trend and MACD, the higher-probability expansion is downward. Recent candles show a sharp sell impulse with heavy volume (notably 06:00) and continued lower lows into 09:00, while the order book shows heavier ask liquidity than bid, limiting bounce potential. Ideal stop loss for this SELL: $2965 (above EMA12/near recent intraday swing resistance).
Key Factors
Risk Assessment
Moderate risk: price is near the lower Bollinger Band, so a short-covering bounce is possible; however, trend/momentum remain bearish. Key risk is a quick reclaim of $2948-$2965 (mid-band/EMA cluster) invalidating downside continuation.
Market Context
Short-term market structure is bearish with lower highs/lows and price trading below key moving averages; volatility is moderate (ATR ~$20), suggesting controlled but persistent downside pressure.