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 bullish trend (price above EMA12/26/50/200 and EMAs stacked upward), but the near-term setup is stretched and vulnerable to a pullback. RSI at 81.94 signals overbought conditions, and price is pressing the upper Bollinger Band (3057.3) after a sharp impulse from ~2950 to ~3056. While MACD remains positive (line 24.6 > signal 16.98) with a strong histogram, momentum is likely late-cycle rather than early, and the last few hourly candles show stalling/softening (3043 → 3038.7 → 3036.4 → 3034.7 → 3018.5 → 3021). Critically, volume has collapsed (0.15x of 20-period average), suggesting the breakout lacks participation and is prone to mean reversion toward the BB midline/EMAs. With ATR ~$21, a move back to $2975–$2960 is plausible within 1–3 days, offering a better risk/reward than initiating fresh longs here. Ideal stop loss for a short: $3065 (above upper band/near recent high).
Key Factors
Risk Assessment
Moderate risk: trend is still bullish and MACD is positive, so a squeeze higher is possible. Key risks are a renewed high-volume breakout above $3057–$3065 and broader market strength lifting ETH despite overbought signals.
Market Context
Bullish market structure with price above all key EMAs, but short-term conditions are overheated and showing signs of exhaustion near upper volatility band resistance.