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 and EMAs stacked bullish), but the setup is stretched and vulnerable to a pullback. RSI at 79.52 is strongly overbought, and price ($3193.65) is trading above the upper Bollinger Band ($3181.23), signaling short-term exhaustion/mean-reversion risk. MACD is positive with a strong histogram (6.47), confirming momentum, but this often lags near local tops—especially when accompanied by overbought RSI and a band break. Recent candles show a sharp impulse from ~3140 to ~3217 followed by stalling back to ~3194, while volume is below average (0.66x), suggesting weakening participation into the highs. With ATR ~$18.66, a normal retrace of 2–3 ATR targets the mid-band/EMA zone near $3145–$3158. Recommendation: take profit/close longs (or tactical short) into strength; ideal stop loss for a short is above the recent swing high and round-number resistance at ~$3225.
Key Factors
Risk Assessment
Moderate risk: trend is still bullish, so shorts are counter-trend and can be squeezed; key risk is a breakout continuation above 3217. Use a tight invalidation above 3225 and manage sizing due to volatility (ATR ~$18.7).
Market Context
Bullish market structure with strong EMA alignment, but currently extended above volatility bands and showing signs of short-term trend exhaustion/consolidation near local highs.