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 short-term uptrend (price above EMA12/26/50/200 and MACD strongly positive with a rising histogram), but conditions are now stretched and favor profit-taking rather than fresh longs. RSI at 75.77 signals overbought momentum and elevated pullback risk. Price ($3249.85) is also trading above the upper Bollinger Band ($3236.04), indicating a volatility “overshoot” where mean reversion often follows, especially after a +3.38% daily move. Recent candles show strong impulsive buying from ~3150 to ~3250 with high-volume spikes (notably 17:00–18:00), then smaller consolidation, suggesting buyers may be tiring near resistance. With Bollinger bandwidth tight (3.36%), a squeeze expansion has occurred; after an expansion, price commonly retraces toward the middle band/EMAs. Risk/reward for a short is favorable targeting the mid-band/EMA zone while invalidation sits just above the current swing high. Ideal stop loss: $3295 (above recent high/extension).
Key Factors
Risk Assessment
Moderate risk: trend is bullish, so shorts can be squeezed; tight spread and strong momentum can extend. Key risk is a breakout continuation above $3265–$3300. Manage with a hard stop and reduced size.
Market Context
Bullish market structure with price above all key EMAs; however, short-term extension above the upper Bollinger Band and overbought RSI suggest a likely pullback toward the mean (middle band/EMA cluster).