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 stretched bullish momentum with increasing risk of a near-term pullback. RSI(14) at 82.75 is deeply overbought, typically associated with mean-reversion risk after sharp rallies. MACD is strongly positive (line 22.38 vs signal 4.63) and histogram is expanding, confirming momentum, but this also signals late-stage acceleration rather than a low-risk entry. Price ($2053.45) is pressing the upper Bollinger Band ($2101.49) after a +12.47% 24h surge, a common setup for profit-taking. Recent candles show a strong impulsive move from ~1920 to ~2090 followed by choppy consolidation around 2050–2065, while volume has collapsed (0.24x of 20-period average), suggesting weakening participation and reduced follow-through. With EMA12>EMA26 bullish but price still below EMA200 ($2306), the broader structure remains recovery/neutral rather than a confirmed long-term uptrend. Recommendation: SELL/close longs into strength. Ideal stop loss for the short: $2105 (above upper band/near recent highs).
Key Factors
Risk Assessment
Moderate-to-high risk: strong momentum can squeeze shorts toward $2090–$2105; low spread helps execution. Key risks are breakout above $2101–$2090 on renewed volume and broader market beta. Use tight risk controls due to elevated ATR ($40.91).
Market Context
Short-term impulse up from ~$1920 with consolidation near $2050; bullish short-term EMAs but still below EMA200, keeping medium/long-term structure neutral-to-recovering.