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 EMAs stacked bullishly), but conditions are now stretched and favor profit-taking/mean reversion. RSI(14) at 79.72 signals a clearly overbought market, and price ($3087.65) is trading above the upper Bollinger Band ($3082.4), a common exhaustion marker. While MACD remains bullish (line 21.29 > signal 14.93 with positive histogram 6.35), this typically lags and can stay elevated even as pullbacks begin. The 14:00 candle shows a sharp expansion move with very high volume (volume ratio 2.39x) and a wide range (H $3109.1 / L $3019.4), indicating momentum climax risk. With ATR at ~$24.79, a normal retracement could easily test the mid-band/EMA zone near $3026–$3009. Given the asymmetry (limited upside into resistance near $3109 vs. larger downside to mean levels), the higher-probability trade is to SELL/close longs and potentially short with a tight, volatility-aware stop.
Key Factors
Risk Assessment
Moderate-to-high risk due to strong bullish trend; shorts can be squeezed if price reclaims and holds above $3109. Ideal stop loss for a short: $3135 (above recent high + ~1 ATR). Main risk is trend continuation despite overbought signals.
Market Context
Bullish market structure with EMAs aligned upward, but short-term momentum appears overheated and extended beyond volatility bands, increasing pullback probability toward EMAs/mid-BB support.