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 (price above EMA12/26/50 and reclaiming EMA200), confirmed by expanding momentum: MACD line (21.04) is well above signal (6.6) with a large positive histogram (14.44) and a sharp impulsive move from ~2930 to ~3050 in the last 9 hours. However, conditions are now statistically stretched and vulnerable to mean reversion. RSI at 85.5 is extremely overbought, and price is trading above the upper Bollinger Band (3050 > 3025.73), signaling a volatility “overshoot” where upside continuation often becomes lower probability without a pullback. Volume is elevated (1.72x average), suggesting late-stage breakout participation that can precede profit-taking. The order book also shows heavier ask size at the top of book (196.81 vs 57.4), consistent with near-term supply. With ATR ~20.5, a realistic pullback target is the Bollinger mid/EMA cluster around 2960–2975. Ideal stop loss for a short is above the recent swing high/round-number resistance near 3075–3085.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish and shorts can be squeezed if price holds above 3050 and breaks 3075/3100. Key risks are continuation breakout and volatility spikes; use a tight invalidation (stop above 3075–3085) and size conservatively.
Market Context
Bullish market structure with strong upside momentum, but currently in an overbought/overextended state above the upper Bollinger Band; probability favors a pullback/mean reversion toward the EMA/Bollinger mid zone before any sustainable continuation.