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 at $3112.95 is showing short-term momentum but with clear overheating signals. RSI(14) at 80.15 is deeply overbought, increasing the probability of a pullback or mean reversion. Price is also trading above the Bollinger upper band ($3110.65) while band width is very tight (0.99%), a setup that often precedes a volatility expansion; given the overbought RSI, the higher-probability expansion is down. MACD remains positive (histogram 2.19), but this is consistent with late-stage momentum rather than a fresh entry; risk/reward for new longs is poor here. EMAs (12/26/50) are clustered near $3097–$3101 and price is only marginally above the 200 EMA ($3112.38), suggesting limited upside before resistance and a strong magnet zone below. Volume is elevated (1.67x), which can mark a local blow-off into resistance. Prefer taking profit/closing longs and looking for a retrace toward the $3095–$3080 support band. Ideal stop loss for a short: $3126.0.
Key Factors
Risk Assessment
Moderate risk: trend is labeled neutral and MACD is still bullish, so shorts can be squeezed if price holds above $3115 and breaks higher. Key risk is a continuation breakout; manage with a tight stop above $3126 and avoid oversizing.
Market Context
Neutral-to-slightly bullish structure but stretched: price is extended relative to short/mid EMAs and pressing the 200 EMA/upper band area, favoring a short-term pullback toward mean support.