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 bullish trend structurally (price above EMA12/26/50/200 and MACD positive with a rising histogram), but conditions are stretched and favor profit-taking rather than initiating/holding aggressive longs. RSI at 80.83 signals an overbought market with elevated pullback risk. Price ($3191.05) is essentially tagging the Bollinger upper band ($3192.2) while bandwidth is tight (3.58%), a setup that often precedes mean reversion or a volatility expansion that can snap back toward the mid-band ($3135.98). Recent candles show a sharp impulse from ~3145 to ~3185, then choppy consolidation near highs; importantly, the latest hour’s volume is very low (0.36x average), suggesting weakening participation into resistance rather than strong breakout confirmation. With ATR ~$20.83, a normal retrace of 1–2 ATR could quickly test ~3150–3135. Recommendation: SELL/close longs here; ideal stop loss for the short is above the upper-band/nearby swing high at ~$3215 to avoid getting caught in a continuation squeeze.
Key Factors
Risk Assessment
Moderate risk: trend is still bullish, so shorting carries squeeze risk if price breaks and holds above ~$3200. Key risks are a momentum continuation on renewed volume and a volatility expansion upward; use a tight stop above ~$3215.
Market Context
Short-term bullish structure (stacked EMAs, positive MACD) but late-stage extension into resistance with overbought momentum and fading volume—more consistent with a pullback/consolidation than fresh upside.