ETH
SELLConfidence Score
Signal Analysis
π― 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 bullish trend, but the near-term setup looks stretched and offers better risk/reward for profit-taking than fresh longs. RSI(14) at 73.52 is overbought, increasing odds of a mean-reversion pullback. Price ($3318) is pressing the upper Bollinger Band ($3324) with very tight bandwidth (1.4%), a common precursor to a volatility expansion; after the sharp 15:00 impulse candle to $3329, follow-through has stalled and recent closes are flat near $3318, suggesting short-term exhaustion. MACD remains positive (histogram +3.62), so this is not a trend-reversal call; itβs a tactical SELL to capture a retrace toward the mid-band/EMAs. Key supports sit at the BB midline/EMA cluster ($3301β$3300) and then $3278 (lower band). Ideal stop loss for the trade: $3334 (above the $3329 swing high plus ~0.5β1 ATR), targeting a pullback with at least ~1:2 R/R.
Key Factors
Risk Assessment
Moderate risk: primary risk is trend continuation and a breakout above $3329β$3335. Keep stop tight above the recent high; volatility is currently low (ATR ~$9), so a breakout could move quickly.
Market Context
Bullish higher-timeframe structure with price above EMA12/26/50/200, but short-term overbought and extended versus bands/EMAs, favoring a pullback toward $3300β$3278 before any further leg up.