Technical analysis by BiTBingo about Symbol ETH: Sell recommendation (1/1/2025)

The resistance level at $4165 has not been fully consumed yet. As long as the support area at $2982.5 holds, we can expect a bullish trend similar to the previous scenario. Currently, the probability of a bearish scenario and the consumption of the $2982.5 support level is much higher. If this support zone is consumed, we can expect to see the $2700 price range as well. At the moment, the $3060 and $2700 price zones are considered low-risk areas for buying Ethereum. What’s your take on this?"According to the analysis, the identified zones have been consumed. Given that the resistance zone at $3638.35 has been consumed and the positive divergence shown in the RSI, there is a high probability of an upward trend. We can still expect to see the $2700 zone. Was this analysis helpful for you?"