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 short-term bullish trend, but the setup is now stretched and vulnerable to a pullback. RSI(14) at 80.99 signals an overbought condition, and price ($3009.25) is trading above the upper Bollinger Band ($2993.46), indicating an extension beyond typical volatility. While MACD is strongly positive (line 13.21 vs signal 4.05; histogram 9.16), this often lags and can stay elevated into a local top; combined with overbought RSI it suggests late-cycle momentum rather than a fresh entry. The rally from ~$2930 to ~$3009 occurred with a major volume spike at 02:00, but the most recent hour shows very low volume (0.33x average), implying weakening follow-through at the highs. Key support sits near the Bollinger middle/EMA cluster ($2946–$2955). Given the extension and fading volume, risk/reward favors taking profit or closing longs, targeting a mean reversion move back toward the $2950 area. Ideal stop loss for the short: $3035 (above the recent high/round-number breakout zone).
Key Factors
Risk Assessment
Moderate-to-high risk: strong trend can continue squeezing shorts, but extension + low follow-through volume raises pullback probability. Key risk is a breakout continuation above $3020–$3030.
Market Context
Bullish market structure with price above key EMAs, but currently in an overextended phase (upper-band ride) where pullbacks toward the EMA/Bollinger midline are common.