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 stacking), and MACD is firmly positive (41.15 vs 22.04) showing strong momentum. However, conditions are now statistically stretched: RSI at 88.95 is extreme overbought, and price ($3324.65) is above the upper Bollinger Band ($3293.66), signaling a volatility expansion that often mean-reverts. The 22:00 candle shows a breakout impulse (high to 3377) on very heavy volume (3.06x average), followed by a close near current levels—suggesting potential blow-off/late-cycle buying and increased risk of a pullback toward the breakout base. With ATR ~$35.48, a normal retracement of 2–4 ATR (≈$70–$140) is plausible without breaking the broader trend. Given the asymmetric near-term downside risk after a 7% daily move and extreme RSI, the higher-conviction play is to take profits/close longs (or tactical short) rather than chase. Ideal stop loss for a short: $3385 (above the 3377 swing high + buffer).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts can be squeezed; volatility is elevated after a breakout. Key risks are continuation above 3377 and sustained momentum (MACD strong).
Market Context
Bullish market structure with strong momentum and EMA alignment, but short-term price is extended beyond volatility bands, increasing probability of a pullback/consolidation toward support.