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 bullish trend (price above EMA12/26/50/200 with EMA12>EMA26 and MACD positive), but the setup is now stretched and vulnerable to a pullback. RSI at 77.03 signals overbought conditions and increases the probability of mean reversion. Price is trading near the upper Bollinger Band (3120.95 vs upper 3142.58) after a sharp impulse candle (14:00–16:00) with heavy volume, followed by fading participation: the latest volume is only 0.39x the 20-period average. That combination (overbought + upper band + declining volume) often precedes consolidation or a dip toward the mid-band/EMAs. The order book also shows notable ask-side size at 3120.6 versus a small best bid, suggesting near-term supply overhead. With ATR ~30.86, a retrace of 1–2 ATR is plausible without breaking the broader uptrend. Recommendation: take profits/close longs and look for re-entry closer to support.
Key Factors
Risk Assessment
Moderate-to-high risk for longs due to overbought conditions and fading volume; key risks are a quick pullback toward $3057 (EMA26/mid-band) or deeper to ~$3030 (EMA50). Invalidation is a clean breakout/hold above ~$3145–$3150 on rising volume.
Market Context
Bullish higher-timeframe structure (price above rising EMAs) but short-term market is extended; likely transitioning from impulse to consolidation/pullback toward moving-average support.