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 extended in the short term and offers a better risk/reward for profit-taking than fresh longs. RSI(14) at 75.07 signals overbought conditions, increasing odds of a pullback or mean reversion. Price ($3310.45) is trading above the Bollinger upper band ($3308.12) with extremely tight bandwidth (0.81%), a setup that often precedes either a volatility expansion or snapback toward the middle band ($3294.82). Momentum remains bullish (MACD line 1.49 above signal -1.39; positive histogram 2.88), and EMAs are stacked positively (12/26/50 near $3297–$3299 and well above EMA200 $3233.54), so this is not a trend-reversal call—rather a tactical SELL to lock gains/avoid buying the top. Recent candles show steady higher closes into the $3311 area with only normal volume (1.13x), suggesting momentum may be tiring. Ideal stop loss for a short is above the recent swing/round-number resistance to avoid a squeeze.
Key Factors
Risk Assessment
Moderate risk: trend is bullish and MACD is positive, so shorting is counter-trend and vulnerable to a breakout. Key risk is a squeeze above $3320–$3330; manage with a tight stop and smaller size.
Market Context
Bullish market structure with price above key EMAs and EMA200; however, short-term conditions are overheated and stretched versus volatility bands, favoring a pullback toward $3295–$3282 support.