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 strong short-term momentum, but conditions are stretched and favor a tactical SELL/profit-take rather than a fresh long. RSI(14) at 72.01 is overbought, aligning with the 6.63% 24h surge and price pressing toward the Bollinger upper band ($2136). While MACD remains bullish (line 28.39 > signal 24.36, positive histogram 4.04), this often lags at turning points and can stay positive into a pullback. Price is extended above the 12/26/50 EMAs (2050/2022/2033), suggesting mean-reversion risk back toward the $2030–$2020 zone. Market structure is still mixed because ETH remains well below the 200 EMA ($2292), implying the larger trend is not confirmed bullish yet. Volume is elevated (1.59x) and the order book shows a heavy ask wall at $2086.4, signaling nearby supply and potential short-term exhaustion. Ideal stop loss for this SELL is $2138 (just above the upper band/resistance).
Key Factors
Risk Assessment
Moderate risk: momentum is still bullish (MACD positive) so shorts can be squeezed if $2136–$2140 breaks; volatility is moderate (ATR ~$38.7) so use tight risk controls and respect the stop.
Market Context
Short-term upswing/impulse within a broader neutral-to-down structure (price below 200 EMA). Expect consolidation or pullback toward the 12/26/50 EMA cluster.