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; MACD line 33.56 > signal 18.21 with a positive histogram), but conditions are extremely stretched and favor profit-taking/mean reversion. RSI(14) at 91.01 signals severe overbought momentum, and price ($3326.25) is well above the Bollinger upper band ($3262.38), indicating an overextension beyond typical volatility. The last hourly candle shows a breakout impulse with very high volume (4.02x average), which often marks a local blow-off or exhaustion move rather than a low-risk continuation entry. With ATR ~$34.47, a normal pullback of 2–3 ATR ($70–$105) is plausible without breaking the broader bullish structure. Key support is the prior consolidation zone and EMAs around $3200–$3165; a move back toward that area offers better risk/reward than chasing higher here. Ideal stop loss for a short: ~$3405 (above the spike high/round-number resistance).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts can be squeezed; best managed with tight risk controls. Key risks are continuation breakout above $3377 and sustained high-volume momentum. Volatility is elevated; use a hard stop.
Market Context
Bullish market structure with strong momentum and price above all major EMAs, but currently in a late-stage extension where mean reversion/pullback probability is elevated.