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 with bullish EMA stacking), and momentum remains positive (MACD line 18.86 > signal 13.59, histogram +5.27). However, conditions are now stretched and favor profit-taking: RSI 76.96 signals overbought, and price ($3080.55) is trading above the Bollinger upper band ($3071.47), implying extension beyond typical volatility. The last candle shows a sharp expansion with very high volume (5.02x average) and a wide range (H $3109.1 / L $3019.4), consistent with a potential climax move where late buyers can be trapped. Order book imbalance also leans bearish near-term (ask size 280.8 vs bid 7.15), suggesting overhead supply around current price. With ATR ~$22.71, a mean-reversion pullback toward the mid-band/EMA zone is likely, offering better risk/reward on re-entry than chasing. Ideal stop loss for a short: $3125 (above the spike high plus ~0.7 ATR).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorting is counter-trend; risk of continuation squeeze above $3110–$3125. Key risks are breakout continuation and sustained momentum despite overbought readings.
Market Context
Bullish market structure with strong momentum and EMA alignment, but short-term is overextended and vulnerable to a pullback/mean reversion toward $3020–$3005.