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 broader bullish structure (price above EMA12/26/50 and reclaiming the EMA200), but near-term conditions favor a tactical SELL/profit-take due to momentum exhaustion signals. RSI(14) at 74.02 is overbought, increasing pullback risk, and price is pressing the upper Bollinger Band (3006 vs upper 3063) with relatively tight bandwidth (5.22%), often preceding mean reversion after a sharp push. MACD is bearish in the short term: the MACD line (21.65) is below the signal (25.5) with a negative histogram (-3.85), indicating weakening momentum despite the uptrend. Recent candles show stalling around 3025–3035 and drifting back toward 3000, while volume is extremely weak (0.16x of the 20-period average), suggesting the move lacks participation and is vulnerable to a shakeout. With ATR at ~$23, a realistic downside move can test the mid-band/EMA cluster near 2985–2990 and potentially the lower band near 2908 if selling accelerates. Ideal stop loss for this SELL: $3036 (above recent swing/near resistance).
Key Factors
Risk Assessment
Moderate risk: higher-timeframe trend is bullish, so a SELL is counter-trend; primary risk is a renewed breakout above ~$3035–$3065 on rising volume. Manage with a tight stop and take profits into supports.
Market Context
Overall bullish market structure with price holding above key EMAs, but short-term momentum is weakening and price action is consolidating near resistance after a sharp upswing.