Technical analysis by ayushpanchal92 about Symbol ETH: Sell recommendation (3/7/2025)

Ethereum (ETHUSDT) is currently trading within a key range, showing signs of bearish pressure. Based on the 4-hour timeframe analysis, the price has tested the resistance zone around $2,300-$2,400 but failed to sustain bullish momentum. Key observations: Resistance at $2,300-$2,400: This level has acted as a strong supply zone. Support at $2,100-$2,150: A short-term consolidation area where price is currently reacting. Probability 1: If price retests the $2,300 resistance, rejection from this level could trigger a drop toward $1,807, aligning with the larger bearish trend. Probability 2: If price fails to hold above the minor support levels, it could break down directly toward $1,807 without a major pullback. Trade Plan: Short Entry: Near $2,250-$2,300 (if price rejects this zone). Stop Loss: Above $2,400. Target 1: $2,100 (partial profits). Target 2: $1,807 (full target). This setup aligns with supply and demand zones, and a potential liquidity sweep before a downward move. Monitor price action closely for confirmation. 🚀