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 up-move, but conditions are stretched and risk of a pullback is elevated. RSI(14) at 89.64 is extremely overbought, typically associated with mean-reversion risk after sharp rallies. Price ($2049.2) is pressing the upper Bollinger Band ($2077.88) after a fast +6.61% 24h advance, suggesting extension rather than a fresh, low-risk entry. While MACD is bullish (line 28.02 > signal 15.29; positive histogram 12.73), momentum looks late-cycle: recent candles show loss of upside follow-through from 16:00 onward and a drift lower into 20:00. Volume confirms weakening participation: current volume is only 0.24x the 20-period average, implying the move is not being sustained by strong demand. Price is also below the EMA200 ($2060.84), an area likely acting as overhead resistance. Ideal stop loss for a short: $2078 (above upper band/near recent high zone). Take profit targets are based on ATR and nearby support/EMAs (EMA50/26/12 cluster).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish and MACD remains positive, so shorts can be squeezed if ETH reclaims/holds above $2061-$2078. Key risk is continuation breakout on renewed volume; manage with tight stop above $2078.
Market Context
Short-term bullish impulse rally transitioning into consolidation near resistance; market structure suggests an extended move with increasing probability of a pullback toward the EMA cluster ($1990-$2020).