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), but conditions are stretched and favor profit-taking/mean reversion. RSI(14) at 82.26 signals extreme overbought, and price is trading above the upper Bollinger Band ($3205.22), a classic extension that often precedes a pullback toward the mid-band ($3142) or fast EMAs. MACD remains bullish (histogram +9.27), yet this strength looks late-cycle because momentum is extended while participation is fading: current volume is only 0.5x the 20-period average, suggesting the breakout is not strongly confirmed. Recent candles show an impulsive move from ~3145 to ~3209 with diminishing last-hour volume, increasing the odds of a near-term retrace. With ATR ~$22.5, a realistic downside move of 2–3 ATR targets the $3165–$3142 zone. Ideal stop loss for a short is above resistance/extension at ~$3235 (above recent highs and ~1 ATR above current).
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorts can be squeezed if momentum continues. Key risk is a continuation breakout above 3220–3235; manage with a tight stop and position sizing.
Market Context
Bullish market structure with strong EMA stack and positive momentum, but currently in an overbought, late-leg extension near the upper Bollinger Band with weakening volume.