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 and MACD positive with a rising histogram), but conditions are stretched and favor profit-taking/mean reversion. RSI(14) at 85.41 is deeply overbought, and price ($3342.55) is pressing the upper Bollinger Band ($3391.32), a common spot for pullbacks after impulsive moves. The rally impulse is visible in the 22:00 candle (large range with very high volume), but follow-through is weakening: current volume is only 0.31x the 20-period average, suggesting buying pressure is fading near resistance. With ATR at $38.56, a normal retrace of 1–2 ATR ($40–$80) could quickly revisit the mid-band/EMA zone around $3225–$3285. Risk/reward favors a short/exit here: downside targets sit at $3285 (EMA12) then $3227 (BB mid), while upside is limited unless ETH breaks and holds above $3390. Ideal stop loss for a short is $3415 (above upper band/round-number breakout).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts can be squeezed; key risk is a breakout above $3390–$3415 on renewed volume. Manage with tight stop and partial profits at supports.
Market Context
Bullish market structure with strong momentum from a recent breakout; however, price is extended above moving averages and statistically stretched versus Bollinger Bands, increasing pullback probability.