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 (EMA12 > EMA26 > EMA50 > EMA200 and price above all key EMAs), but the setup is now stretched and favors profit-taking/mean reversion rather than fresh long exposure. RSI(14) at 77.79 signals overbought conditions, increasing the probability of a pullback or consolidation. Price ($3289) is also trading above the Bollinger upper band ($3270.64), a classic extension signal; with low bandwidth (2.35%), this looks like a volatility squeeze releasing upward, often followed by a snap-back toward the mid-band ($3232.61). MACD remains bullish (histogram +4.82), but this is a lagging indicator and can stay positive while price retraces. The 14:00 candle shows a strong impulse with elevated volume, followed by a smaller continuation candle—momentum may be tiring near the 3290–3310 resistance zone. Given ATR ~$20, a realistic downside move to the mid-band/EMA12 area is achievable within 1–7 days. Ideal stop loss for a short: $3335 (above recent high/round-number breakout zone).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorting is counter-trend; main risk is continuation squeeze above 3310–3335. Use tight risk controls and avoid oversized positions.
Market Context
Bullish market structure with strong EMA alignment and positive MACD, but short-term price is extended above volatility bands, suggesting a near-term correction/consolidation is likely.