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 the current setup favors profit-taking/mean reversion rather than new longs. RSI(14) at 77.45 is firmly overbought, and price ($2098.35) is trading above the Bollinger upper band ($2085.48), signaling an extended move with elevated pullback risk. Momentum is still positive (MACD line 24.14 above signal 23.17; histogram +0.97), but the histogram is relatively small versus the sharp 24h gain (+7.07%), suggesting upside momentum may be losing acceleration. Volume confirms a breakout impulse (2.48x average), yet the order book shows heavy overhead supply at the ask (744.49 vs 5.24 bid), which can cap immediate continuation. Key support sits near the BB middle/EMA12 zone ($2059–$2065) and then EMA26/EMA50 ($2041–$2017). With ATR at $11.52, a retrace of 2–4 ATR toward these levels is plausible. Ideal stop loss for a short: $2124.0 (above the recent high/round-number resistance).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish, so shorting is counter-trend and requires tight risk control. Main risks are a continuation squeeze above $2105–$2125 on sustained high volume and a breakout hold above the upper band.
Market Context
Bullish market structure with price above EMA12/26/50 and reclaiming above EMA200; however, the move is stretched short-term (overbought + upper-band expansion), increasing odds of a pullback/consolidation.