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; MACD line 57.15 > signal 42.66 with a positive histogram), but the setup is now extended and vulnerable to a pullback. RSI(14) at 85.71 signals extreme overbought conditions, and price ($3343.55) is pressing the upper Bollinger Band ($3391.52) after a sharp impulse candle (22:00) with very high volume, followed by fading participation. Current volume is only 0.47x the 20-period average, indicating weakening follow-through into resistance. With ATR ~$38.61, a mean-reversion move of 1–2 ATR is plausible, targeting the EMA12/BB mid region ($3287–$3227). Risk/reward favors taking profit/closing longs here rather than initiating new longs, as upside to the upper band is limited while downside to the mid-band/support is larger. Ideal stop loss for a short: $3405 (above upper band and recent swing extension).
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorts can be squeezed; however, overbought/extension and weakening volume increase pullback odds. Key risk is a breakout above 3400 on renewed volume.
Market Context
Bullish market structure with strong momentum, but currently in late-stage impulse/overextension; higher probability of consolidation or retracement toward EMAs/BB mid before continuation.