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 in the short term and offers a better risk/reward for profit-taking than fresh longs. RSI(14) at 70.27 is in overbought territory, signaling momentum strength but also elevated pullback risk. Price ($2978.25) is trading above the Bollinger upper band ($2965.44) with a very tight bandwidth (1.51%), a common setup for mean reversion after a volatility squeeze resolves upward. MACD is bullish (line 6.02 > signal 1.93; histogram 4.09), confirming trend strength, but this also increases the probability of a near-term MACD histogram peak and momentum cooling. EMAs are clustered around $2940–$2953; price is stretched ~25–35 points above them, implying a likely re-test of the EMA zone. Volume is only 1.3x average (not a breakout-quality surge), while the order book shows thin asks at the top (best ask size 1.56), which can exaggerate short-term spikes and reversals. Ideal stop loss for a short: $3008 (above round-number resistance and ~2x ATR).
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorts can be squeezed if price holds above $2980–$3000. Key risks are continuation breakout through $3000 and a volatility expansion upward; manage with tight stop and partial profit-taking.
Market Context
Bullish market structure with strong short-term momentum, but currently overextended above key moving averages and outside the upper Bollinger Band, favoring a tactical pullback within the uptrend.