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 bullish trend (price above EMA12/26/50/200 and EMAs stacked upward), but the current setup is stretched and vulnerable to a pullback. RSI(14) at 84.73 signals extreme overbought conditions, often followed by mean reversion. Price ($3131.45) is also above the upper Bollinger Band ($3102.44), indicating a volatility expansion/overextension rather than a low-risk long entry. Momentum remains positive (MACD line 26.16 > signal 16.78 with a positive histogram 9.38), but this combination—overbought RSI + BB upper-band break—frequently precedes consolidation or a sharp retrace even within uptrends. Recent candles show a breakout impulse from ~3050 to ~3131 with very strong volume (2.28x average), suggesting late-stage buyers may be getting trapped if momentum cools. With ATR ~$28.96, a 2–3 ATR pullback is plausible, making risk/reward unfavorable for new longs and favorable for profit-taking/short-term short positioning. Ideal stop loss for a short is above recent high/extension near $3165.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish, so shorting carries squeeze risk. Key risks are continuation breakout above $3145–$3165 and sustained momentum. Volatility is moderate (ATR ~$29), so stops must be respected.
Market Context
Bullish market structure with strong upside momentum, but currently in an overextended state (upper-band breakout) where pullbacks/consolidation are statistically more likely.