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 $3326 above EMA12/26/50/200 with bullish EMA stacking), but conditions are now stretched and favor profit-taking/mean reversion. RSI(14) at 87.46 is extremely overbought and historically associated with pullbacks, especially after a sharp 24h move (+6.77%). MACD remains positive (histogram +18.49), confirming momentum, yet this also signals late-stage acceleration risk rather than a fresh entry. Price is pressing the upper Bollinger Band ($3357.55) with relatively tight bandwidth (9.52%), suggesting a volatility expansion already underway and increased snapback probability toward the mid-band (~$3205). Recent candles show a major breakout impulse at 22:00 with very high volume, followed by consolidation near highs—often a distribution/pausing pattern before a retrace. With ATR ~$39, a typical pullback of 2–3 ATR (~$80–$120) is plausible, making downside targets attractive versus chasing upside here. Ideal stop loss for a short: $3375 (above recent high/upper band).
Key Factors
Risk Assessment
Moderate-high risk: trend is bullish, so shorts are counter-trend and vulnerable to continuation squeezes above $3357–$3377. Key risk is a breakout continuation; manage with tight stop at ~$3375 and position sizing due to ATR-driven volatility.
Market Context
Bullish market structure with strong momentum and EMA alignment, but short-term is extended and likely due for a mean-reversion pullback toward the 20-BB/EMA zone ($3205–$3265).