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), but conditions are stretched and favor profit-taking rather than fresh longs. RSI(14) at 83.83 signals an overbought regime where pullbacks/reversions are statistically more likely. Price ($3140.75) is also trading above the Bollinger upper band ($3121.2), indicating an extension beyond typical volatility; with bandwidth only 5.29%, this looks like a sharp impulse move that can mean-revert. MACD remains positive (histogram 11.6), so momentum is still bullish, but that also raises the risk of a crowded late entry. Volume confirmation is weak: current volume is only 0.31x the 20-period average, suggesting the breakout may be losing participation. Order book shows heavy ask liquidity at $3140.8 versus tiny best bid size, reinforcing near-term overhead supply. Ideal stop loss for a short is above the recent high/volatility buffer near $3175 (≈ prior high $3148 + ~1 ATR). Take profit is set at the first meaningful support near the EMA12/upper consolidation zone.
Key Factors
Risk Assessment
Moderate-high risk: trend is bullish and MACD is positive, so shorts can be squeezed; manage with a tight stop above $3175 and consider partial profits at $3100-$3120.
Market Context
Bullish market structure with strong momentum and EMA alignment, but currently in a late-stage impulse/overbought extension prone to short-term pullback toward moving averages.