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, but current conditions are stretched and favor profit-taking rather than new longs. RSI at 82.27 signals an overbought regime where upside continuation becomes lower-probability and pullbacks are common. Price ($3038.65) is trading above the Bollinger upper band ($3022.15), indicating a volatility expansion and potential mean-reversion risk toward the mid-band/EMAs. Momentum remains bullish (MACD line 20.12 well above signal 6.5 with a positive histogram), yet this also reflects late-stage acceleration rather than an early entry. Volume is very elevated (2.75x average), which can confirm trend strength but also frequently marks local blow-off conditions. The order book shows a notably larger best-ask size than best-bid, suggesting near-term supply overhead at current highs. Key supports sit around $3022 (upper band retest), then $2980–$2960 (EMA12/EMA26). Ideal stop loss for a short: $3065 (above the recent high zone and ~1.3 ATR).
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is strong, so shorts can be squeezed; manage with a tight stop above $3065 and consider partial take-profits into supports.
Market Context
Bullish market structure with accelerating momentum, but currently extended above key bands/EMAs, implying a higher probability of a short-term pullback/consolidation before continuation.