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 bullish structure), but conditions are now stretched and favor profit-taking/mean reversion rather than fresh longs. RSI(14) at 86.3 signals extreme overbought, historically associated with pullbacks or consolidation. Price is also trading above the Bollinger upper band (3188.45 vs upper 3179.65) with tight bandwidth (3.36%), indicating a volatility squeeze that has just expanded upward—often followed by snapback toward the mid-band. MACD remains positive (histogram 7.24), confirming momentum, but at these levels the risk/reward for additional upside is poor versus downside to nearby supports. Recent candles show a sharp impulse from ~3145 to ~3188 with elevated volume (1.49x), consistent with a potential exhaustion move. Ideal stop loss for a short is above the recent swing high/round-number resistance at ~3225 (≈1.8 ATR above), targeting a retrace to the 3127–3118 zone first.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend and require tight risk control. Key risks are a continuation breakout above 3200–3225 and a momentum squeeze higher on strong volume.
Market Context
Bullish market structure with price above all key EMAs; however, short-term momentum is overheated and extended beyond volatility bands, favoring a near-term pullback toward dynamic supports.