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 and EMAs are positively stacked), but the setup is now extended and vulnerable to a pullback. RSI(14) at 78.1 signals overbought conditions, and price is pushing the upper Bollinger Band ($3407) after a sharp impulse candle (21:00–22:00) with very high volume, a classic “expansion” move that often mean-reverts. While MACD remains bullish (line above signal; positive histogram), momentum is likely late-cycle; the histogram can roll over quickly after a parabolic push. Critically, current volume is only 0.1x the 20-period average, suggesting the post-pump consolidation lacks follow-through buying and increases the risk of a fade/long liquidation sweep. With ATR ~$34.9, a normal retrace to the mid-band/EMA26 zone is plausible. Recommendation: SELL/close longs into strength, targeting a pullback toward $3245–$3200. Ideal stop loss for a short: $3415 (above upper band/resistance).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts are counter-trend; a breakout above $3407 can squeeze. Key risks are renewed high-volume continuation and volatility spikes (ATR ~$34.9).
Market Context
Bullish market structure with strong EMA alignment, but short-term momentum appears stretched and consolidating after a volume spike, favoring a near-term pullback/mean reversion.