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 the setup is now stretched and favors profit-taking/mean reversion. RSI(14) at 80.81 signals an overbought condition where upside continuation becomes lower probability without a reset. Price ($3036.75) is pressing above the Bollinger upper band ($3035.1), a classic extension signal; with bandwidth only 4.96%, volatility expansion can quickly snap back toward the mid-band ($2961.66). Momentum remains bullish (MACD line 23.05 vs signal 9.04; positive histogram 14), but this often lags at turning points and can roll over after a blow-off push. Recent candles show a sharp impulse from ~2930 to ~3043 on elevated volume (notably 02:00–04:00), then stalling/flattening at the top—suggesting exhaustion near 3050–3056 resistance. EMAs (12/26/50/200 clustered ~2954–2989) provide a clear mean-reversion magnet if price fades. Ideal stop loss for a short: $3072 (above the 3056 high + ~0.75 ATR).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish and MACD is still expanding, so a short can be squeezed if 3056 breaks cleanly. Key risk is continuation toward 3100+. Manage with tight stop above 3072 and reduce size due to momentum.
Market Context
Bullish market structure short-term (higher highs/higher lows) with momentum peaking; current price is extended versus bands/RSI, favoring a corrective pullback toward the 20-period mean/EMAs.