ETH
SELLConfidence Score
Signal Analysis
π― 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 now stretched and favor a tactical SELL/profit-take rather than initiating/adding longs. RSI(14) at 86.92 is deeply overbought and historically signals elevated pullback risk. Price ($2045) is pressing the upper Bollinger Band ($2077) after a sharp impulse from ~$1959 to ~$2060 with heavy volume during the breakout hours (14:00β16:00), followed by fading volume (current 0.83x avg) and stalling candles near $2055β$2060βclassic momentum cooling after a vertical move. MACD remains bullish (positive histogram), but this often lags at tops; the more actionable signal is extension plus decelerating follow-through. Structure-wise, price is above EMA12/26/50 (bullish), yet still below the EMA200 (~$2060.8), which is acting as near-term overhead resistance and has already capped the recent push. Ideal stop loss for a short is above resistance/upper band at $2085 (β1.7 ATR above). Take profit targets focus on mean reversion toward the mid-band/EMAs.
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorts can be squeezed if $2061β$2077 breaks cleanly. Key risks are continuation breakout above EMA200/upper band and renewed volume expansion.
Market Context
Short-term bullish impulse within a broader resistance zone (EMA200/upper Bollinger). Market structure suggests an overextended rally likely to mean-revert toward $2000β$1983 support/BB midline.