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 (price above EMA12/26/50/200 and MACD line 14.92 > signal 9.41 with a positive histogram), but conditions look stretched and favor profit-taking/mean reversion. RSI(14) at 80.22 signals overbought momentum and elevated pullback risk. Price ($3060.25) is trading above the Bollinger upper band ($3048.41), indicating an extension beyond typical volatility; with tight bandwidth (2.68%), this often precedes a snap-back toward the mid-band/EMAs. The latest impulse candle (09:00–10:00) pushed to $3067.7 on very strong volume (2.91x average), which can be a buying climax rather than sustainable demand. Order book shows heavier ask size vs bid (179.42 vs 51.58), hinting at near-term supply overhead. Given ATR ~$16.78, a reasonable downside move back to the $3020–$3008 area is achievable within 1–7 days, offering favorable risk/reward for a tactical short/exit of longs with a tight invalidation above the recent high.
Key Factors
Risk Assessment
Moderate-to-high risk due to strong underlying bullish trend; main risk is continuation breakout above $3068–$3080 causing a squeeze. Use a tight stop and size conservatively given momentum.
Market Context
Bullish market structure with price above key EMAs, but short-term is overbought and extended beyond volatility bands, increasing probability of a corrective pullback toward $3020–$3008 support zone.