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 bullish trend, but the setup is now stretched and vulnerable to a pullback. RSI(14) at 83.05 is deeply overbought, historically associated with mean-reversion risk rather than favorable new long entries. Price ($3034.65) is pressing the upper Bollinger Band ($3045.55) after a sharp impulse from ~2965 to ~3047, indicating extension. While MACD remains bullish (line 24.88 > signal 11.8; positive histogram 13.09), this often lags and can stay elevated even as price begins to retrace. Volume is a key warning: the latest candle volume (7953) is only 0.49x the 20-period average, suggesting the breakout/continuation is losing participation and momentum. EMAs are stacked bullish (12>26>50≈200), but price is now well above the cluster (~2957–2997), increasing snapback probability. I favor taking profit/closing longs (or a tactical short) targeting a reversion toward the mid-band/EMA area with defined risk above recent highs.
Key Factors
Risk Assessment
Moderate-high risk: trend is bullish so shorts can be squeezed; main risk is a continuation breakout above 3056. Use a tight, invalidation-based stop. Volatility (ATR ~$20) supports a ~$40–$60 stop buffer for short-term trades.
Market Context
Bullish market structure with strong EMA alignment, but currently overextended near upper band after an impulsive rally; conditions favor a short-term pullback/consolidation toward EMAs.