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 strong short-term uptrend (price above EMA12/26/50 and well above EMA200 at $3234), and momentum remains positive (MACD line 3.51 above signal -0.6 with a positive histogram 4.1). However, conditions are stretched: RSI(14) at 85.83 signals extreme overbought and elevated pullback risk. Price ($3325.95) is also above the Bollinger upper band ($3314.19) with very tight bandwidth (1.03%), a common setup for mean reversion after a volatility squeeze resolves upward. The last hour shows an impulsive breakout candle (close $3326) on 2.51x average volume, increasing the probability of a near-term exhaustion move rather than a clean continuation. Order book imbalance (ask size 156.4 vs bid 7.01) adds near-term overhead supply. Given the asymmetric downside back to the mid-band/EMAs versus limited immediate upside, the higher-conviction play is to take profits/close longs (or tactical short) into strength. Ideal stop loss for a short: $3342 (≈2 ATR above).
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bullish so shorts are counter-trend; primary risk is continuation squeeze higher. Use tight risk controls (stop above $3342) and consider partial sizing.
Market Context
Bullish market structure with price holding above key EMAs and strong momentum, but short-term is overheated and extended beyond volatility bands, favoring a pullback/consolidation.