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 clear short-term uptrend (price above EMA12/26/50/200 with bullish stacking), and MACD remains positive (12.42 vs 8.36) with a rising histogram (4.06), confirming momentum. However, current conditions look stretched: RSI at 73.1 signals overbought/late-cycle momentum, and price ($3046.65) is trading above the upper Bollinger Band ($3037.98), implying a volatility expansion and higher mean-reversion risk. Recent candles show a sharp push from ~3000 to ~3047 with strong volume (1.7x average), which often marks near-term exhaustion or a blow-off into resistance. With ATR at $15.8, a normal pullback could easily retest the mid-band/EMA zone near $3004–$3017. Given the overbought RSI + upper-band break, the higher-probability trade is to take profit/close longs and/or tactically short for a reversion move. Ideal stop loss for a short: $3072 (above the recent high/round-number extension).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts carry squeeze risk; key risk is continuation breakout above ~$3053–$3070. Volatility is moderate (ATR $15.8), so use tight risk controls and size conservatively.
Market Context
Bullish market structure with accelerating momentum, but currently extended above volatility bands and showing overbought conditions, favoring a near-term pullback toward the EMA/mid-band area.