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 strong uptrend (price above EMA12/26/50/200 with bullish alignment), but the short-term setup is stretched and favors profit-taking or a tactical short. RSI(14) at 79.29 signals overbought conditions, increasing pullback risk. Price is also trading above the upper Bollinger Band (3148.95 vs 3144.66) with narrow bandwidth (2.18%), which often precedes mean reversion after a volatility squeeze. MACD remains positive (histogram +4.18), confirming momentum, but this is late-stage momentum and can roll over quickly when RSI is extreme. The 00:00 candle shows a sharp impulse to 3166 on high volume, followed by a slight fade into 3148.9—suggesting potential exhaustion near resistance. Order book is notably ask-heavy (250 vs 16 size at top), reinforcing near-term supply overhead. Ideal stop loss for a short/exit is above the recent spike high at 3168 (slightly above 3166) to avoid wick-outs, targeting a pullback toward the mid-band/EMA cluster.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts can be squeezed; use a tight invalidation above 3168. Key risks are continuation breakout above 3166 and renewed momentum with volume expansion.
Market Context
Bullish market structure with strong EMA stack (12>26>50>200), but short-term is extended and vulnerable to a mean-reversion pullback toward 3110-3089 support.