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 short-term bullish trend, but the setup is increasingly stretched and favors profit-taking rather than fresh longs. RSI(14) at 76.58 signals overbought conditions and elevated pullback risk. Price ($3137.35) is above the Bollinger upper band ($3128.29), indicating an extension beyond typical volatility; with tight bandwidth (1.73%), this often precedes mean reversion. Momentum remains positive (MACD line 7.82 > signal 3.78; histogram 4.03), but this is consistent with late-trend acceleration where reversals can be sharp. EMAs are tightly clustered (12/26/50 near $3104–$3112 and EMA200 ~$3112.76), suggesting limited upside runway before encountering supply and a high probability of snapping back toward the EMA cluster. Recent candles show a strong push to $3146 followed by close near highs, and volume is only mildly elevated (1.22x), not a decisive breakout confirmation. I prefer closing longs / tactical short with mean-reversion target toward $3112 then $3101.
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorts can be squeezed if price holds above $3146 and continues trending. Key risk is continuation breakout on stronger volume. Use tight risk controls.
Market Context
Short-term bullish structure with momentum, but currently overextended versus volatility bands and likely due for a pullback toward the EMA/BB midline area.