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 clear uptrend (price above EMA12/26/50/200 with bullish alignment), but the setup is now stretched and vulnerable to a pullback. RSI(14) at 78.75 signals overbought conditions, and price is pressing the upper Bollinger Band (3121.85 vs upper 3134.39) after a sharp +4.47% 24h move. While MACD remains bullish (line 31.5 > signal 22.68; positive histogram 8.82), it is consistent with late-trend momentum where mean reversion risk rises. Recent candles show a strong impulse at 14:00–16:00 on high volume, followed by choppier action and reduced volume (0.81x average), suggesting buyers are losing marginal aggression near resistance (3145–3148 highs). With ATR at 31.65, a normal pullback of 1–2 ATR could retest the mid-band/EMA zone (~3050–3080). Recommendation: SELL/close longs into strength; ideal stop loss for the short is above 3155 (above recent swing high and upper band extension).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend; a breakout above 3148 can squeeze quickly. Key risks are continuation on renewed volume and a volatility spike; manage with a tight stop above 3155.
Market Context
Bullish market structure with strong EMA stack (12>26>50>200) and recent breakout impulse, but currently extended/overheated near upper band and local resistance.