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 alignment), but conditions are stretched and favor profit-taking/mean reversion. RSI(14) at 87.68 is extreme overbought, historically associated with pullbacks or consolidation. Price is pressing the upper Bollinger Band (3337.85 vs upper 3373.69) after a sharp impulse candle (22:00 hour) on very high volume, followed by fading activity: current volume is only 0.35x the 20-period average, suggesting diminishing follow-through and higher risk of exhaustion. MACD remains positive (histogram +16.38), but this often lags at tops; with momentum already extended and volatility (ATR ~$38) elevated, the risk/reward for new longs is poor. A tactical SELL (close longs / short) targets a retrace toward the mid-band/EMA cluster near 3215–3220. Ideal stop loss for a short is above 3378 (recent spike high/upper band area) to avoid a squeeze.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts can be squeezed if price breaks and holds above 3375–3380. Key risks are momentum continuation and thin order-book imbalance (large ask may shift quickly). Use tight risk controls.
Market Context
Bullish market structure with strong EMA stack and recent breakout, but short-term momentum is overheated and showing signs of post-spike consolidation/exhaustion.