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 alignment), but the setup is now stretched and vulnerable to a pullback. RSI(14) at 79.3 signals overbought conditions and elevated mean-reversion risk. Price is also trading above the upper Bollinger Band (3084.95 vs 3081.59), which often precedes a snap-back toward the middle band/EMAs. While MACD remains bullish (line 21.05 > signal 14.91, positive histogram 6.14), this is consistent with late-stage momentum that can roll over quickly after an impulse move. The 14:00 candle shows a sharp expansion (high 3109.1, close 3080.6) on very high volume, suggesting a potential climax/stop-run rather than a clean breakout. Order book shows heavier ask size near current price, adding near-term overhead supply. Given extended technicals and volatility (ATR ~$24.95), risk/reward favors taking profits/shorting a reversion toward $3026–$3008 support.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts can be squeezed; main risk is continuation toward 3109+ and a breakout. Use tight risk controls due to elevated momentum and ATR-driven volatility.
Market Context
Bullish market structure with strong momentum (price above all key EMAs), but short-term extension and potential exhaustion near the upper Bollinger Band increases pullback probability toward the 3026–3008 zone.