Technical analysis by ForexOptimizer about Symbol ETH: Sell recommendation (3/18/2025)

Market Overview:ETH/USD is in a downtrend, forming a descending channel.Price is currently trading around $1,915.23, showing signs of consolidation near resistance.Technical Analysis:Trend: BearishResistance Level: $2,028.43Support Level: $1,760Target: $1,555.96Pattern: Descending ChannelTrade Idea (Short Setup):🔴 Sell Zone: Around $2,028.43 (Resistance)✅ Target: $1,555.96 (-22.50%)⛔ Invalidation: A breakout above $2,028Conclusion:Ethereum is respecting the downward channel structure.A rejection from resistance at $2,028 could confirm further downside.Traders may consider short positions targeting $1,555.96, provided the trend remains bearish.📉 Bearish bias remains intact unless price breaks above resistance.