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 short-term uptrend (price above EMA12/26/50/200 and MACD line 33.42 > signal 28.32 with a positive histogram), but the setup is now stretched and vulnerable to a pullback. RSI at 79.61 is strongly overbought, and price ($3131) is pressing the upper Bollinger Band ($3156), signaling momentum exhaustion risk. The rally impulse occurred on a large volume spike at 14:00–16:00, but follow-through volume has collapsed (current volume 0.19x the 20-period average), suggesting weakening demand at higher prices. Order book also shows heavy near-term supply (ask size far larger than bid), reinforcing overhead resistance around 3145–3160. With ATR ~$31, a mean-reversion move back toward the Bollinger midline/EMA26 zone ($3065–$3070) is a realistic 1–7 day target. Recommendation is to SELL (take profit / close longs, or tactical short) rather than chase an extended move.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts face squeeze risk if 3156–3160 breaks on rising volume. Key risks are continuation breakout above the upper band and renewed momentum. Manage with a tight stop.
Market Context
Bullish market structure with strong EMA stack (12>26>50>200) and positive MACD, but currently in late-stage impulse/overbought conditions with signs of demand exhaustion.