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 extended and showing classic late-move risk. RSI(14) at 83.94 is deeply overbought, increasing probability of a pullback or sideways mean reversion. Price ($3209.35) is pressing the upper Bollinger Band ($3221.49) with relatively tight bandwidth (4.34%), often preceding a volatility expansion; given the overbought RSI, the expansion risk skews downward. Trend and momentum remain bullish (MACD line 23.55 > signal 15.17 with positive histogram 8.37; price above EMA12/26/50/200), but the move is losing participation: the latest hourly volume is 0.37x the 20-period average, suggesting weakening demand into resistance. Recent candles show a push to ~3218–3219 followed by inability to hold above 3215, hinting at near-term exhaustion. With ATR ~$23.5, a normal retrace could easily revisit the EMA cluster (3155–3139). Ideal stop loss for a short/exit is above the recent swing/BB top to avoid getting squeezed.
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts/exits can be whipsawed; key risk is a breakout above 3221–3230 on renewed volume. Downside risk increases if price loses 3155–3139 (EMA26/EMA50 area), which could accelerate to 3085 (lower band).
Market Context
Bullish market structure with price above all major EMAs, but currently in an overbought, late-stage impulse near upper-band resistance with declining volume—conditions favor a pullback/consolidation.