Technical analysis by Expate about Symbol ETH: Sell recommendation (5/25/2025)

(c) First things first.First Top: Around $2,860 on May 6.Second Top: Around $2,830–2,850, recently.Neckline is near marked by horizontal 0.5 Fibonacci level — current setup is very clean. I would say even too clean to be truth.Price has pulled back after the second peak and is hovering near the neckline. No breakdown yet, but we are close to that._________________________________________📉 Trade Setup (If Double Top Confirms)1. Entry:→ Short below the neckline, approx. @ $2 430 with confirmation (candle should close below this level).2. Stop Loss (SL):**→ Should be above second top, around $2 860.→ High risk SL: Above recent candle high ~$2 620.3. Take Profit (TP):**→ We get it from height measure:Top was at $2 850, neckline at $2 430 = ~$400 range→ TP1: $2 430 − $420 = $2 010→ TP2: Optional — 0.618 Fib zone near $1 860_________________________________________🔁 Retest Setup (If Break + Retest Happens)If price breaks below the neckline and then comes back up to retest ~$2 430 as resistance, we are looking to:1) Weak bullish candle or bearish engulfing on retest2) Lower volume on retest3) Enter short there with a tighter SL above retest wick.⚠️ !! WARNING !!DOUBLE TOP IS Not yet confirmed – price needs to break neckline and re-test it.We are already in BULL's market, therefore FOLLOW THE GLOBAL TREND.We are expecting volatility today because of Powells speech, thereofre this setup can be a TRAP, especially, If price closes back above ~$2 600 with strength — pattern is invalidated. If you trade against the trend you should be ready for consequences. Good luck!DOUBLE TOP IS NOT CONFIRMED