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 and MACD line 24.65 > signal 17.22 with a positive histogram), but conditions look stretched and vulnerable to a pullback. RSI(14) at 82.67 is deeply overbought, and price ($3214.35) is pressing the upper Bollinger Band ($3227.65) with tight bandwidth (4.36%), a setup that often precedes mean reversion or volatility expansion. Recent candles show momentum slowing near 3218–3220 with multiple wicks and small-bodied closes, suggesting resistance absorption. The biggest red flag is volume: the latest hour volume is 1,820 vs 20-hour average 16,253 (0.11x), implying the push higher lacks participation and is easier to reverse. With ATR ~$23, a routine 1–2 ATR dip would target the mid-band/EMA cluster near 3159–3142. Recommendation: SELL/close longs into strength; ideal stop loss for a short is above $3235 (above upper band + ATR buffer).
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD remains positive, so shorts can be squeezed if price breaks and holds above ~3228–3235. Key risk is a volatility expansion upward on renewed volume.
Market Context
Bullish market structure with price above all key EMAs, but currently extended and likely due for a mean-reversion pullback toward the EMA26/BB midline support zone.