Technical analysis by ayushpanchal92 about Symbol ETH: Sell recommendation (3/13/2025)

Description: Ethereum (ETH/USDT) is showing strong signs of a bearish reversal on the 1H timeframe, with a clear descending triangle breakdown forming near resistance. 🔹 Technical Analysis: Price is trading below the descending trendline, indicating a lack of bullish momentum. Strong resistance zone around $1880-$1900 (highlighted in red), which ETH failed to break multiple times. Breakdown from a key support zone at $1850, confirming seller dominance. Bearish order blocks & supply zones suggest institutional selling pressure. Liquidity sweep above key levels, indicating smart money manipulation before the drop. Bearish divergence on RSI & declining volume, signaling weakening bullish strength. 🔻 Trade Plan: ✅ Entry: Below $1855-$1860 confirmation of breakdown. 🎯 Targets: TP1: $1810 (local support) TP2: $1720 (key Fibonacci level) TP3: $1650-$1600 (major demand zone) 🚨 Stop-Loss: Above $1885-$1900 to avoid market manipulation wicks. ⚖️ Risk-Reward Ratio: 1:3+, maintaining a disciplined approach to capital protection. 📉 Final Thoughts: ETH is struggling to gain momentum, with lower highs and lower lows confirming a bearish structure. A clean break below $1850-$1860 could open the door for a further decline, with sellers taking control. 💬 Let me know your thoughts! Are you bearish or bullish on ETH? Drop your analysis in the comments!