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 conditions are now stretched and favor profit-taking/mean reversion. RSI(14) at 81.72 is firmly overbought, and price ($3038.35) is trading above the Bollinger upper band ($3035.51), indicating an extension beyond typical volatility. While MACD is bullish (line 23.17 > signal 9.06; histogram 14.12), the surge is already reflected in price action: a sharp impulse from ~2930 to ~3056 with elevated volume (1.45x average) followed by stalling near the highs (last candles holding ~3038–3043). The order book shows heavy ask liquidity at $3038.4 (409 size) versus a small best bid (18 size), suggesting near-term overhead supply and reduced upside follow-through. With ATR ~$20.47, a pullback toward the mid-band/EMAs is a realistic 1–7 day move. Ideal stop loss for a short is above the local high/round-number resistance at $3065 to avoid a squeeze continuation.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish and MACD is positive, so shorting risks continuation/squeeze. Key risks are a breakout above 3056–3065 and sustained bid-driven volume. Use tight risk control.
Market Context
Bullish market structure with strong impulse move; however, short-term is extended and likely entering a consolidation/pullback phase toward EMAs/mid-BB.