ETH
SELLConfidence Score
Signal Analysis
π― 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 conditions are stretched and favor profit-taking rather than new longs. RSI(14) at 81.43 signals an overbought market where mean-reversion risk is elevated. Price ($3097.65) is also above the Bollinger upper band ($3092.42), indicating a volatility βtagβ often followed by pullbacks toward the mid-band/EMAs. While MACD remains bullish (line 23.51 > signal 16.49; positive histogram 7.03), this is consistent with late-trend momentum that can persist briefly but is vulnerable to sharp retracements. The 14:00 breakout candle had very high volume, yet follow-through volume is now below average (0.7x), suggesting weakening demand at higher prices. The order book shows heavy ask liquidity at $3097.7 versus a tiny best bid, adding near-term overhead supply. A tactical SELL aims to capture a pullback toward $3030β$3010 support with defined risk above the recent spike high.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts can be squeezed. Key risks are continuation breakout above $3116 and sustained momentum despite overbought signals; keep stops tight and size conservatively.
Market Context
Bullish market structure with price above all key EMAs, but short-term extension suggests a probable mean-reversion pullback toward the mid-Bollinger/EMA cluster (~$3030β$3010).