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 strong short-term momentum but is now stretched and vulnerable to a pullback. RSI at 73.61 is overbought, suggesting trend exhaustion risk. Price ($3128.05) is pressing above the Bollinger upper band ($3125.44) while bandwidth is tight (1.58%), a common setup for mean reversion after an expansion burst. Although MACD is bullish (line 7.05 > signal 3.7; positive histogram 3.35), it is also consistent with late-stage momentum where upside becomes incremental and downside snapbacks increase. Volume is elevated (2.93x average) and the last two hours show aggressive participation into the push toward $3146, which can mark a local blow-off. EMAs are tightly clustered around $3103–$3113, indicating a neutral broader structure and limited trend cushion if price slips back below the upper band. Ideal trade: take profit on longs / tactical short with stop loss above $3152 (above the $3146 swing high + ATR buffer).
Key Factors
Risk Assessment
Moderate risk: momentum is still bullish (MACD positive), so shorts can be squeezed if $3146 breaks convincingly. Key risks are a continuation breakout above $3150–$3160 and sustained high volume buying. Use a tight invalidation above the recent high.
Market Context
Short-term upside impulse within a broader neutral/sideways structure; price is extended versus volatility (ATR $11.49) and likely to revert toward the EMA cluster near $3110.