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 with bullish alignment), and momentum remains positive (MACD line 14.88 > signal 7.87 with a rising histogram). However, conditions are now stretched: RSI(14) at 79.87 is deeply overbought, and price ($3179.65) is pressing the upper Bollinger Band ($3184.14), signaling elevated mean-reversion risk. Recent candles show a sharp impulse move into 3188–3196 followed by stalling near the highs, consistent with trend exhaustion rather than fresh breakout continuation. Volume is high (1.64x average), which can confirm the move, but at overbought extremes it often marks late-stage buying and increases the probability of a pullback toward the mid-band/EMAs. With ATR ~$20.47, a normal retracement of 2–3 ATR would target the $3135–$3118 zone. Given asymmetric downside risk versus limited near-term upside above the upper band, taking profit/closing longs is favored. Ideal stop loss for a short: $3205 (above recent swing high/upper band extension).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorting is counter-trend; key risk is a breakout above 3200–3220 leading to continuation. Manage with tight stop above 3205 and reduced size.
Market Context
Bullish market structure with strong upside momentum, but currently extended and likely due for a short-term pullback toward the Bollinger mid-band and rising EMAs.