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 EMA stacking), and MACD remains positive (13.16 vs 8.98) with a positive histogram (+4.17), confirming momentum. However, conditions are stretched: RSI 79.2 signals overbought and raises reversal/profit-taking risk. Price ($3148.75) is trading above the Bollinger upper band ($3144.63), a classic short-term mean-reversion setup, especially with narrow bandwidth (2.18%), which often precedes volatility expansion. The breakout candle at 00:00 had very high volume, but follow-through is weak: current volume is only 0.68x the 20-period average and the order book shows heavy ask liquidity at $3148.8 (283 size) versus a small best bid, suggesting near-term supply overhead. With momentum extended and volume fading, risk/reward favors taking profit/closing longs and anticipating a pullback toward the mid-band/EMAs. Ideal stop loss for a short is above the recent spike high near $3166 (e.g., $3172) to allow for ATR noise.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts face squeeze risk; key risk is a continuation breakout above $3166. Volatility is currently contained (ATR ~$13), but tight Bollinger bandwidth increases odds of a sharp move.
Market Context
Bullish higher-level structure (price above rising EMAs), but short-term market is extended and likely due for a pullback/consolidation from the $3150–$3166 resistance zone.