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 line 13.18 > signal 6.49 with a positive histogram), but conditions are now stretched and favor profit-taking rather than fresh longs. RSI at 83.05 is deeply overbought, increasing the probability of a mean-reversion pullback. Price ($3180.65) is also trading above the Bollinger upper band ($3177.52), a classic exhaustion signal when accompanied by elevated volume (1.84x average), suggesting late breakout participation that often precedes a shakeout. Momentum remains bullish, so the trade thesis is not trend reversal yet, but a tactical retracement toward the mid-band/EMA cluster around $3125–$3135 is high probability. With ATR at $20.64, a normal 1–2 ATR move down targets the $3140–$3120 region quickly. Ideal stop loss for a short/profit-taking SELL is above the recent swing high/round resistance near $3205 to avoid getting caught in a continuation spike.
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorts can be squeezed if $3196 breaks. Key risks are continuation breakout above $3200–$3210 and sustained momentum despite overbought signals.
Market Context
Bullish market structure with strong momentum, but currently extended above volatility bands; setup favors a short-term pullback within an uptrend rather than a macro reversal.