Technical analysis by SeoVereign about Symbol ETH: Sell recommendation (5/6/2025)

🔔 Follow SEOVEREIGN to get real-time alerts.🚀 Your boosts empower SEOVEREIGN to analyze more assets.📊 Our team regularly publishes detailed crypto market analysis reports.📊 Ethereum (ETH) Technical Analysis ReportDate: May 5, 2025■ SummaryEthereum is currently in a corrective phase, but the broader outlook suggests a continuation of the mid-to-long-term uptrend. Based on wave analysis, the market appears to be in the midst of a Z wave, indicating that a rebound could follow the current short-term pullback.■ Technical AnalysisThe formation of the Z wave suggests we are in the final leg of a complex correction.Notably, the Y wave has extended to 1.272 times the length of the W wave, which aligns with typical conditions for a technical rebound.As a result, we may see some short-term downward pressure, but the overall structure still points to a likely upside move in the coming sessions.■ Target LevelsTarget 1: 1,746Target 2: 1,706⚠️ Note: Prices are subject to market conditions. Always use proper stop-loss and risk management strategies.