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 structure (price above EMA12/26/50 and well above EMA200 at $3251), and MACD remains positive (line 5.58 > signal 3.73) indicating trend continuation. However, the setup is now stretched: RSI(14) at 72 signals overbought conditions, and price ($3332.05) is trading at/just above the upper Bollinger Band ($3331.25) with very tight bandwidth (1.03%), a common precursor to mean reversion or a volatility expansion pullback. The last hour shows a strong impulse candle to $3346.8 on elevated volume (2.06x average), suggesting potential short-term exhaustion and profit-taking risk near resistance. With ATR at $10.61, a pullback of 1–2 ATR toward the mid-band/EMAs is plausible. Given limited immediate upside vs. increased drawdown risk at the upper band, the higher-conviction move is to close longs / take profit and look for re-entry on a reset. Ideal stop loss for a short: $3350.0 (above the recent spike high zone).
Key Factors
Risk Assessment
Moderate risk: trend is bullish so shorts carry squeeze risk; key risk is a breakout continuation above $3347–$3350 on sustained volume. Tight spread improves execution but volatility expansion can be abrupt.
Market Context
Bullish market structure with strong EMA alignment (12>26>50>200), but short-term momentum is overheated and pressing the upper volatility band after a high-volume impulse.