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 uptrend, but conditions are stretched and favor profit-taking rather than fresh longs. RSI(14) at 77.04 signals overbought momentum, increasing the probability of a pullback or mean reversion. Price ($2096.95) is trading above the upper Bollinger Band ($2084.96), a classic extension/overheat signal, while band width is only 2.5%—suggesting a tight-range expansion that often snaps back toward the mid-band ($2059). MACD remains positive (histogram +0.86) but is only modestly above the signal line, implying bullish momentum may be peaking rather than accelerating. The 24h move (+6.99%) combined with a 2.07x volume spike confirms strong participation, yet such volume surges near overbought readings often mark short-term exhaustion. Key supports sit at $2085 (upper band/round level), then $2065 (EMA12) and $2060 (EMA200). Ideal stop loss for a short is $2122 (above the recent high/extension), targeting a pullback toward $2060 first.
Key Factors
Risk Assessment
Moderate risk: trend is bullish, so shorts are counter-trend and require tight risk control. Key risk is continuation squeeze above $2105; use a hard stop around $2122 and consider partial profit at $2085/$2060.
Market Context
Bullish market structure with strong momentum, but currently in an overextended breakout state above the upper Bollinger Band; higher chance of a short-term pullback/consolidation before trend continuation.