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 MACD line 20.95 > signal 11.23, histogram +9.72), but conditions are now stretched and favor profit-taking/mean reversion. RSI(14) at 83.13 is deeply overbought, and price ($3215.75) is trading above the Bollinger upper band ($3206.92), indicating a volatility expansion that often precedes a pullback toward the mid-band/fast EMAs. Momentum remains positive, yet the latest push to 3215 occurred on below-average volume (0.65x), suggesting weakening participation and higher risk of a bull-trap spike. ATR is $22.52, so a normal retrace of 1–2 ATR would pull price back into the $3170–$3130 zone without breaking the broader bullish structure. Recommendation: SELL to close longs / tactical short with stop loss above $3245 (above the recent high/upper-band extension) and target a reversion to the $3145–$3135 support cluster (EMA26/EMA50 area).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts are counter-trend and require tight risk control; main risk is continuation squeeze above 3220–3250. Use stop loss ~$3245 and consider scaling out near supports.
Market Context
Overall bullish market structure with strong upside momentum, but currently in an overextended phase above key bands/EMAs, favoring a short-term pullback/consolidation before trend continuation.