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 EMA stacking), and MACD is positive with a rising histogram, confirming momentum. However, conditions are now stretched: RSI(14) at 80.95 signals overbought/exhaustion risk, and price ($3213) is pressing the upper Bollinger Band ($3216.92), a common mean-reversion area. The last hours show an impulsive push from ~3134 to ~3216, but the most recent candles are stalling near the highs, suggesting fading momentum. Crucially, volume has collapsed (0.28x of the 20-period average) during the attempt to break higher, which weakens breakout odds and increases the probability of a pullback toward the mid-band/EMAs. With ATR at ~$22, a typical retrace of 1–2 ATR is plausible without breaking the broader bullish structure. Recommendation is to SELL (take profit/close longs) into strength. Ideal stop loss for a short: $3238 (above upper band + ~1 ATR).
Key Factors
Risk Assessment
Moderate risk: trend is bullish, so shorts are counter-trend and require tight risk control. Key risks are a renewed high-volume breakout above $3220–$3250 and short squeeze due to thin liquidity near highs.
Market Context
Bullish market structure with strong momentum, but currently extended and likely entering a short-term overbought consolidation/pullback phase near upper Bollinger resistance.