ETH

ETH is showing short-term bullish momentum, but the setup is increasingly stretched and offers poor long risk/reward at this level. RSI(14) at 75.89 is firmly overbought, signaling elevated pullback risk. Price ($3124.45) is trading above the upper Bollinger Band ($3118.03) with very tight bandwidth (1.31%), a classic “volatility squeeze → expansion” condition where mean reversion often follows once price tags/exceeds the upper band. While MACD remains positive (line 5.35 > signal 2.37; histogram 2.97), it reflects momentum that may be late-cycle rather than early trend—especially as the broader trend is labeled neutral and price is only marginally above clustered EMAs (12/26/50 near $3100) and just above the 200 EMA ($3112). The last hour shows a breakout push (to $3128.4) on high volume (2.04x), which can indicate a local exhaustion spike. I recommend SELL (close longs / tactical short) targeting a reversion toward the EMA cluster and mid-band support. Ideal stop loss: $3136 (above the recent high and ~1.3 ATR).