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 showing late-stage bullish momentum with elevated reversal risk. RSI(14) at 78.02 is firmly overbought, and price is pressing the upper Bollinger Band (current $3114.05 vs upper $3113.65) with very tight bandwidth (1.11%), a setup that often precedes mean reversion or a volatility expansion. MACD remains bullish (line 4.3 > signal 1.85; histogram +2.44), but this is lagging and can stay positive into local tops; importantly, the move is not confirmed by participation: volume is only 0.4x the 20-period average, suggesting weak follow-through and higher odds of a fade. EMAs are tightly clustered (12/26/50 around $3099–$3103) and price is only marginally above/near EMA200 ($3112.39), reinforcing a “neutral” structure rather than a clean uptrend. With ATR ~$7.41, downside to the mid-band/EMA cluster is achievable near-term. Ideal stop loss for a short: $3126 (above recent highs/round-number breakout).
Key Factors
Risk Assessment
Moderate risk: momentum is still bullish (MACD positive), so a squeeze higher is possible. Key risk is a breakout continuation above $3116–$3120 on rising volume; keep stops tight.
Market Context
Short-term push higher into resistance with overbought conditions; broader structure is neutral/consolidative around the EMA cluster and EMA200, favoring a pullback toward mean support.