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 a positive MACD: line 13.12 > signal 8.98 and a rising histogram 4.14), but the near-term setup is stretched and favors profit-taking/mean reversion rather than fresh longs. RSI(14) at 78.76 is strongly overbought, and price ($3148.25) is trading above the Bollinger upper band ($3144.49), indicating a volatility “push” that often precedes a pullback toward the mid-band/EMAs. The breakout candle at 00:00 showed a sharp impulse (H 3166) on very high volume (36954), followed by a smaller, lower-volume hour and a close back near the upper band—suggesting momentum may be tiring short-term. With tight spreads and normal current volume (1.14x), there’s no strong continuation confirmation at these levels. Ideal stop loss for a short is above the recent swing high and round-number resistance near $3168–$3172; downside targets are the BB midline/EMA26 zone first, then EMA50 if selling accelerates.
Key Factors
Risk Assessment
Moderate risk: trend is bullish, so shorts are counter-trend and require tight risk control. Key risks are continuation breakout above 3166/3170 and sustained momentum supported by renewed volume. Use a hard stop above 3172 and consider partial profits into 3111–3110 support.
Market Context
Bullish market structure with price holding above all major EMAs; however, short-term conditions are overheated and extended beyond the upper Bollinger Band, increasing pullback probability toward 3110–3089 support.