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 MACD line 31.78 > signal 22.71 with a positive histogram), but conditions are stretched and increasingly vulnerable to a pullback. RSI at 79.15 is deeply overbought, and price ($3125.45) is pressing the upper Bollinger Band ($3135.19), a typical mean-reversion zone. The rally impulse around 14:00–16:00 came with heavy volume, but follow-through is weakening: current volume is only 0.69x the 20-period average, suggesting buyers are losing urgency near resistance. Order book is also skewed with a very large best ask (314.87) versus bid (5.02), implying overhead supply and limited immediate upside. With ATR at $31.59, a routine 1–2 ATR retrace could quickly test the mid-band/EMA26 area (~$3051). Ideal stop loss for a short is above the recent swing/upper band zone at ~$3160.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend; risk is a squeeze above $3150–$3160. Key risk is renewed high-volume breakout that invalidates mean-reversion.
Market Context
Bullish market structure with strong momentum above rising EMAs, but currently extended into resistance/upper band with signs of short-term exhaustion.