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 short-term uptrend (price above EMA12/26/50 and well above EMA200), with MACD firmly positive and expanding (11.16 vs 5.75; histogram 5.41), confirming bullish momentum. However, the setup is now stretched and vulnerable to a mean-reversion pullback: RSI at 81.46 is deeply overbought, and price ($3207.55) is above the Bollinger upper band ($3175.96), signaling an extension beyond typical volatility. The last two hours show a sharp impulsive move from ~3166 to ~3208 on very high volume (2.37x average), which often marks local exhaustion and invites profit-taking. With ATR only ~$18, a normal retrace of 2–4 ATR (~$36–$73) would bring price back toward the upper band/EMA12 region. Risk/reward favors closing longs (or tactical short) into strength, targeting a pullback to prior breakout/support near $3145–$3125 while invalidation is a clean break above ~$3230.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish, so shorts can be squeezed; primary risk is continuation above $3230–$3250. Manage with tight stop and smaller size; volatility is currently moderate (ATR ~$18) but can expand after breakouts.
Market Context
Bullish market structure with strong momentum and price above all major EMAs, but currently in an overextended breakout phase likely to mean-revert toward $3150–$3125 support/EMA cluster.