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 strong short-term uptrend (price above EMA12/26/50/200 and MACD positive with a rising histogram), but current conditions are stretched and favor profit-taking rather than new longs. RSI at 86.28 signals extreme overbought momentum, which often precedes a pullback or consolidation. Price ($3184.85) is also above the upper Bollinger Band ($3168.18), indicating a volatility expansion and statistically extended move; mean reversion risk is elevated. Recent candles show a sharp breakout from the $3140–3165 area into $3188 with above-average volume (1.71x), which confirms demand but also suggests late-stage breakout participation that can trap buyers if momentum cools. Order book shows heavier ask size than bid at the top level, adding minor near-term sell pressure. A reasonable downside magnet is the BB middle/EMA cluster near $3120–3130; if that breaks, $3077 (lower band) becomes the next support. Ideal stop loss for a short: $3210 (above the recent swing/round-number extension).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorting is counter-trend; a continuation squeeze above $3200–3210 is the key risk. ATR (~$19.6) implies tight risk control is necessary.
Market Context
Bullish market structure with price above all key EMAs, but currently in an overbought extension phase likely to retrace toward the $3120–3130 support cluster.