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 clear short-term uptrend (price above EMA12/26/50 and well above EMA200), and MACD remains strongly positive (histogram +4.6), confirming bullish momentum. However, conditions look stretched: RSI at 76.13 signals overbought, and price is trading above the Bollinger upper band ($3319.84) with very tight bandwidth (1.27%), often preceding a volatility expansion and mean reversion. The latest impulse candle (15:00 close $3329.2) came on a large volume spike, but follow-through faded immediately (16:00 close $3322.5) while volume dropped to 0.48x average—suggesting momentum exhaustion and higher risk of a pullback toward the mid-band/EMAs. With ATR only ~$8, downside to the middle band ($3298.87) is meaningful relative to current volatility, offering a cleaner short-term risk/reward for a tactical SELL/profit-take rather than chasing longs at extension. Ideal stop loss for this SELL: $3336.0 (above the recent high/round resistance).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts are counter-trend; main risk is continuation squeeze above $3330-$3340. Manage with tight stop above the recent high and avoid oversizing.
Market Context
Bullish market structure with price above key EMAs, but currently extended and vulnerable to a short-term pullback toward the Bollinger mid-band/near EMAs.