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 $3330 above EMA12/26/50/200 with bullish EMA stacking), and MACD remains firmly positive (line 50.32 > signal 30.12; histogram 20.2), confirming momentum. However, conditions are extremely extended: RSI(14) at 90.54 signals a high-probability exhaustion/mean-reversion window rather than a fresh long entry. Price is also pressing the upper Bollinger Band ($3339) after a sharp impulse candle (22:00 close $3330 on very high volume), followed by fading volume (current volume ratio 0.59x), suggesting breakout follow-through is weakening. With ATR ~$37, a normal pullback of 1–2 ATR could quickly retrace toward the mid-band/EMAs without breaking the broader trend. Risk/reward favors taking profits/closing longs (or a tactical short) into resistance near the upper band/round-number zone. Ideal stop loss for a short: $3385 (above recent highs and >1 ATR above upper band).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts risk squeeze; main risk is continuation above $3346–$3377. For longs, drawdown risk is elevated due to overbought conditions and likely mean reversion toward $3195–$3250.
Market Context
Bullish market structure with strong upside momentum and EMA alignment, but currently overextended near short-term resistance; likely consolidation/pullback before trend continuation.