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 showing late-stage strength with clear signs of exhaustion. RSI(14) at 70.78 is overbought, while price is pressing the upper Bollinger Band ($3310.65) with very tight bandwidth (1.2%), a common setup for a volatility expansion after compression. Trend is flagged bearish and the EMA stack is weak: price ($3290.25) is slightly below EMA12/26/50 (~$3291–$3296), indicating fading momentum and overhead dynamic resistance. MACD is still below zero (line -3.96) despite a positive histogram (1.37), suggesting a short-lived bullish bounce inside a broader bearish/neutral regime rather than a confirmed trend reversal. Volume is the major red flag: current volume is only 0.09x the 20-period average, so the push toward resistance lacks participation and is vulnerable to a pullback. With a heavy ask (165 vs 29 size) at the top of book, upside follow-through looks limited; a mean-reversion move toward the middle/lower band is favored.
Key Factors
Risk Assessment
Moderate risk: tight Bollinger Bands can produce sharp whipsaws; a squeeze breakout above $3311–$3320 would invalidate the short bias quickly. Keep position size conservative due to low-liquidity conditions.
Market Context
Short-term consolidation near $3290 after a bounce, but broader structure remains bearish/weak with price capped by clustered EMAs and resistance at the upper band.