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 extended and showing near-term exhaustion risk. RSI(14) at 73.53 is firmly overbought after a sharp +6.3% 24h move, increasing the probability of a pullback or mean reversion. Price ($2093.85) is trading above the Bollinger upper band ($2091.21), a classic “band ride” condition that often precedes consolidation; bandwidth is tight (2.94%), so any volatility expansion can snap back toward the middle band ($2060.96). Momentum is still positive (MACD line 24.63 > signal 23.09; histogram +1.55), but the histogram is modest relative to the surge, suggesting upside momentum may be slowing. Volume confirmation is weak: current volume is 0.56x the 20-period average, implying the breakout lacks strong participation. Additionally, the order book shows heavier ask liquidity (209.94) vs bid (56.11), hinting at nearby supply. Recommendation: take profits/close longs; for a short, ideal stop loss is $2116 (above recent high/ATR buffer).
Key Factors
Risk Assessment
Moderate-to-high risk due to stretched momentum and potential volatility expansion; key risks are continued trend continuation (bullish squeeze) and a clean break above 2110–2120 triggering further upside.
Market Context
Short-term bullish market structure (price above EMA12/26/50 and above EMA200), but currently extended versus bands with weakening participation; likely consolidation/pullback toward 2061–2045.