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 strong short-term upmove, but the setup is now stretched and favors profit-taking/mean reversion. RSI(14) at 93.3 is extremely overbought and typically precedes pullbacks. Price is pressing the upper Bollinger Band ($2068.87) with relatively tight bandwidth (9.28%), suggesting a volatility expansion already occurred and momentum may be peaking. MACD is bullish (line 26.96 > signal 12.16; histogram 14.8), but this often lags at tops and can stay elevated while price stalls—exactly what recent candles show: after the spike to ~2071, closes flattened around 2054–2058. Volume confirms exhaustion: the latest hour volume is 0.35x the 20-period average, indicating waning participation into resistance. Structurally, price is also capped by the EMA200 at $2060.96 (overhead dynamic resistance). Ideal stop loss for a short is $2078 (above the recent high + ~0.3 ATR), targeting a pullback toward the mid-band/EMA50 confluence near $1977 for a favorable ~1:2+ R/R.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish and MACD remains positive, so shorts can be squeezed if $2071 breaks. Key risks are continuation breakout above $2071–$2080 and renewed volume expansion.
Market Context
Short-term bullish impulse followed by consolidation at resistance; broader structure is still bullish, but currently overextended with weakening momentum/participation.