Technical analysis by Muhammad-Umar about Symbol ETH: Sell recommendation (4/13/2025)

Overview: The chart displays a bearish outlook for Ethereum (ETH/USD) based on technical price action. The current market price is around $1,584, with a potential bearish pattern developing after a series of lower highs and horizontal support tests.Forecast: The projected price path suggests a short-term consolidation or minor bullish correction before a significant downward move, potentially forming a lower low.🔻 Target:$1,353.99This is the projected take-profit level marked by the large green area at the bottom of the chart.🔺 Stop Loss:$1,678.63This is the invalidation level for the bearish outlook, marked by the red zone on the upper side.Technical Notes:The chart appears to incorporate a head-and-shoulders-like pattern.There's a breakdown from a trendline and repeated rejections at lower highs.The pattern suggests potential for a drop toward the $1,350 zone if support around $1,500 fails.📢 Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research or consult with a licensed financial advisor before making trading decisions. Markets are volatile and trading carries risks.