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 clear short-term uptrend (price above EMA12/26/50/200 with bullish alignment), but conditions are now stretched and vulnerable to a pullback. RSI(14) at 78.68 signals overbought momentum, and price is approaching the upper Bollinger Band (3407.52) after a sharp +6.55% 24h spike. While MACD remains positive (line 54.39 > signal 49.77), the histogram at 4.62 suggests momentum is strong but late-stage; combined with the explosive 22:00 candle and subsequent choppy consolidation near 3325–3350, this looks like post-breakout exhaustion. Volume is the key bearish confirmation: current volume is only 0.02x the 20-period average, indicating buyers are not following through at these highs, increasing the risk of a mean reversion toward the mid-band/EMA cluster. Given the asymmetry (limited upside to resistance vs. larger downside to support), closing longs / tactical short is favored. Ideal stop loss for a short: 3415 (above upper band/resistance).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend; risk of squeeze if price breaks and holds above 3407–3420. Key risk is renewed high-volume continuation. Manage with tight stop above 3415 and take profits into supports.
Market Context
Bullish market structure with strong EMA stack (12>26>50>200), but short-term momentum is overheated and consolidating after a large breakout candle, favoring a pullback/mean reversion setup.