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

Ethereum has broken below the critical support level at $1,797, signaling potential further downside. Currently trading around $1,773, the price appears to be losing bullish momentum. Key support zones now lie at $1,714 and $1,633.As highlighted in the chart, if the price fails to hold these levels, ETH/USD could target the $1,566 zone next. This level may attract buyers, but a breakdown below it could lead to deeper bearish movement.Key Levels to Watch:Resistance: $1,797Immediate Support: $1,714Target Zones: $1,633 and $1,566Technical Outlook: The market structure shows weakening support, and unless a strong reversal occurs, Ethereum may be heading lower in the short term.