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 high-probability mean-reversion risk. RSI(14) at 85.34 is deeply overbought, and price ($3042.95) is above the Bollinger upper band ($3005.57), indicating a volatility stretch that often precedes pullbacks. Momentum is still strong (MACD line 15.9 > signal 4.35; histogram 11.55), but this also suggests late-stage acceleration rather than a fresh, low-risk entry. Price is well above key EMAs (12/26/50/200 clustered around $2947–$2971), creating a wide gap where a reversion move could quickly target the mid-band/EMA zone. Recent candles show a breakout from ~$2950 to ~$3047 with very high volume (3.5x average), which can be either continuation or a blow-off; combined with extreme RSI, the risk skews toward profit-taking. Ideal action is to close/short into strength with a tight invalidation above the recent high. Suggested stop loss: $3068 (above $3047 high + ~1 ATR).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish and momentum can extend, so shorting carries squeeze risk. Key risk is a continuation breakout above $3047; manage with a hard stop and smaller size. Downside targets are supported by nearby EMA/mid-band magnets.
Market Context
Bullish market structure with strong upside momentum, but currently in an overbought, volatility-stretched state above the upper Bollinger band, favoring a near-term pullback/consolidation toward the $3000–$2950 area.