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 trading at $3298.75 with momentum stretched: RSI(14) at 75.36 signals overbought conditions and elevated pullback risk. Price is pressing the upper Bollinger Band ($3305.2) while BB bandwidth is only 0.98%, indicating a tight range where breakouts often fail without strong volume. Volume is weak (0.47x of the 20-period average), reducing confidence in continuation higher and increasing the probability of a mean-reversion move. Trend is labeled bearish and the EMA stack is flat and compressed (EMA12/26/50 clustered around $3293–$3296), suggesting limited upside follow-through and susceptibility to a downside rotation. MACD histogram is positive (1.77) and line is above signal, but both remain below zero, consistent with a bear-market rally rather than a confirmed bullish regime. With price near resistance ($3305) and weak participation, the higher-quality trade is to sell/close longs and target a move back toward the mid/lower band and nearby support. Ideal stop loss for the SELL: $3312.0 (above upper band and recent highs).
Key Factors
Risk Assessment
Moderate risk: tight volatility (ATR $9.11) supports defined risk, but the order book is thin and a squeeze above $3305–$3315 could trigger stops. Main risk is a breakout on sudden volume expansion.
Market Context
Short-term range near resistance within a broader bearish trend; price is extended versus momentum metrics while participation is weak.