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 has surged +10.27% in 24h to $2061.95, pushing RSI(14) to 77.4 (overbought) and price close to the upper Bollinger Band ($2114). While MACD is strongly positive (25.53 vs 10.02; histogram 15.51), the setup looks extended rather than early-trend: price is above the 12/26 EMAs and near the 50 EMA (~$2026), but still well below the 200 EMA ($2303.92), suggesting the broader structure remains bearish-to-neutral and this move may be a counter-trend squeeze. Recent candles show a fast impulse from ~$1976 to ~$2066 followed by choppy consolidation around $2050–$2075, and volume is below average (0.64x), weakening breakout follow-through. Order book shows heavier ask liquidity at $2062 (356.99) vs bid (50.18), reinforcing near-term overhead supply. With ATR ~$40.56, a mean-reversion pullback toward the mid-band/EMA cluster ($1980–$2030) is a higher-probability path than immediate continuation.
Key Factors
Risk Assessment
Moderate-to-high risk: strong momentum can continue squeezing shorts, but overbought conditions and low volume increase pullback risk. Key risk to the SELL is a breakout above $2114 with rising volume.
Market Context
Short-term bullish impulse within a neutral-to-bearish higher-timeframe structure (price below 200 EMA). Market is consolidating just under upper Bollinger resistance after a sharp 24h rally.