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 clear short-term uptrend (price above EMA12/26/50/200 with bullish alignment), and MACD remains positive with a strong histogram (6.54), confirming momentum. However, conditions are now stretched: RSI at 81.64 signals an overbought/late-stage impulse where upside continuation often becomes lower probability relative to a pullback. Price ($3178.25) is trading at/just above the Bollinger upper band ($3176.98) with tight bandwidth (3.22%), suggesting a volatility squeeze that has already expanded upward and may mean-revert toward the mid-band/EMAs. Recent candles show a sharp push from ~3145 to ~3196 followed by a close off the high (3178.6), consistent with near-term exhaustion. Order book is notably ask-heavy at the best ask (434 size vs 2.28 bid), adding near-term overhead supply. With ATR ~$20.5, a realistic pullback target is the 3126–3118 zone (BB mid/EMA200). Ideal stop loss for a short: $3210 (above the 3196 swing high + ~0.7 ATR).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend; risk of squeeze higher if price breaks and holds above 3200. Manage with tight stop above 3210 and take profit near mid-band/EMA cluster.
Market Context
Bullish market structure with price above rising EMAs, but currently extended and vulnerable to a short-term pullback/mean reversion toward 3126–3118 support.