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 short-term bullish structure (price above EMA12/26/50 and well above EMA200), but the setup is stretched and vulnerable to a pullback. RSI(14) at 76.86 signals overbought conditions, and price is pressing the Bollinger upper band ($3322.59) with very tight bandwidth (1.37%), often preceding mean reversion after a sharp push. While MACD is positive (line 5.6 > signal 1.26; histogram 4.34), it also reflects extended momentum rather than a fresh entry point. The 15:00 candle shows a strong breakout attempt to $3329.4 on very high volume, followed by inability to hold highs (close fell to $3318.6), suggesting near-term exhaustion. Current volume is only 0.37x the 20-period average, weakening the breakout’s sustainability. With ATR ~$9.27, a move back to the mid-band/EMAs is plausible. Ideal stop loss for a short is above $3335 (above recent high + ~0.5–1 ATR), targeting a pullback to support.
Key Factors
Risk Assessment
Moderate risk: trend is bullish, so shorting is counter-trend and requires a tight stop. Key risks are a continuation breakout above $3330–$3340 on renewed volume and momentum extension.
Market Context
Bullish broader trend (price > EMA200), but short-term conditions are extended/overbought near resistance with fading volume, favoring a tactical pullback trade.