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 short-term bullish trend (price $3021.55 above EMA12/26/50/200), and momentum remains positive with MACD line (7.2) above signal (4.53) and a positive histogram (2.66). However, conditions look extended and prone to a pullback. RSI(14) at 75.07 signals overbought territory, and price is trading above the Bollinger upper band ($3011.91), which often precedes mean reversion when the band is pierced. Bollinger bandwidth is very tight (1.27%), suggesting a volatility squeeze; the breakout has occurred, but with RSI stretched it increases the odds of a quick fade rather than a clean continuation. Volume is strong (2.49x average), confirming the impulsive move into $3020–$3030, but the order book shows heavy ask liquidity (105.53) near best ask, implying near-term overhead supply/resistance. Given the overbought RSI + upper-band extension, the higher-conviction play is to take profit/close longs (or tactically short) targeting a reversion toward the mid-band and fast EMAs. Ideal stop loss for a short: $3040 (above the $3032.5 swing high plus ~0.5 ATR).
Key Factors
Risk Assessment
Moderate-to-high risk due to strong bullish trend and positive MACD; a short can be squeezed if price holds above $3032 and trends. Key risk is continuation breakout; manage with tight stop above $3040 and position sizing.
Market Context
Bullish market structure with price above all key EMAs, but short-term momentum is stretched and likely due for a pullback toward $3000/$2993 before any sustainable continuation.