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 upside exhaustion with weakening structure. RSI at 72.07 is overbought, and price is pressing the upper Bollinger Band ($3310.71) while bandwidth is very tight (1.2%), a setup that often precedes a volatility expansion; with the stated bearish trend, the higher-probability expansion is to the downside. Although MACD histogram is positive (1.44) and the MACD line (-3.88) is above signal (-5.32), both remain below zero, implying the bounce is corrective rather than a confirmed bullish regime shift. Price ($3291.35) is essentially flat vs the BB middle ($3290.94) and sitting below the 26/50 EMAs ($3295–$3296), signaling overhead resistance and limited upside follow-through. Volume is extremely weak (0.11x of 20-period average), reducing breakout credibility and increasing reversal risk. Order book shows heavier ask size than bid near spot, reinforcing near-term sell pressure. Ideal stop loss for a short is above the upper band/resistance to avoid a squeeze.
Key Factors
Risk Assessment
Moderate risk: tight bands can trigger sharp moves both ways; a squeeze above $3311–$3320 is the main risk. Low volume can cause whipsaws; keep position size conservative and respect the stop.
Market Context
Short-term bearish/sideways structure: price consolidating near $3290 with overhead EMA resistance ($3295–$3296) while holding well above the 200 EMA ($3227), implying a broader up-bias but a near-term corrective/downward pressure zone.