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 bullish trend structurally (price above EMA12/26/50 and well above EMA200), but the near-term setup is stretched and offers poor long entry risk/reward. RSI(14) at 74.73 signals overbought conditions, and price is pressing the upper Bollinger Band ($3324.45) with very tight bandwidth (1.41%), often preceding a volatility expansion after a squeeze. The strong 15:00 impulse candle to $3329.4 was followed by consolidation and inability to hold above ~$3325, suggesting short-term exhaustion near resistance. MACD remains positive (histogram 3.74), but that also reflects extended momentum rather than a fresh entry. With ATR only ~$9.3, upside to the band/nearby resistance is limited (~$5–$10), while downside mean-reversion risk back toward the mid-band/EMAs ($3301–$3305) is larger, making a tactical profit-take/short bias more attractive. Ideal stop loss for a short is above the recent swing high/upper wick zone.
Key Factors
Risk Assessment
Moderate risk: trend is still bullish, so shorts are counter-trend and require tight risk control. Key risk is a breakout above $3330 triggering continuation to higher resistance.
Market Context
Bullish higher-timeframe structure (price above key EMAs, especially EMA200), but short-term overbought and range-bound near the upper band indicates elevated pullback risk.