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 line 17.74 above signal 9.41), but the setup is now stretched and risk of a pullback is elevated. RSI(14) at 82.37 signals overbought conditions, and price ($3200.85) is trading above the Bollinger upper band ($3194.76), a classic “band ride/extension” that often precedes mean reversion. Momentum remains positive (MACD histogram +8.33), yet the last impulse candle pushed into the 3214 high and closed near 3201, suggesting buyers are paying up into resistance. Volume is only moderately elevated (1.44x), supportive but not “blow-off” confirmation, which increases the odds of a near-term cooling. With ATR ~$22, a normal retrace to the Bollinger mid/EMA cluster around 3135–3155 is plausible within 1–7 days. Ideal stop loss for the short is above the recent swing high/extension zone at ~$3238.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend; main risk is continuation breakout above 3214–3240. Use tight risk controls due to strong momentum.
Market Context
Bullish market structure with strong short-term momentum, but currently in an overextended phase above key moving averages and outside the upper Bollinger band, favoring a near-term pullback/consolidation.