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

📉 ETHUSD – Double Top Formation Signals Potential Bearish ReversalThe ETHUSD chart is showing a classic Double Top pattern forming near the key resistance zone around $2,739–$2,762, indicating potential weakness and a bearish reversal setup.🔍 Pattern Breakdown:Double Top formed at the resistance level.Clear rejection from the resistance zone after testing it twice.Price is currently trading below the neckline, signaling potential breakdown confirmation.🛑 Trade Setup:Entry Zone: Near current price around $2,513Stop Loss: Just above resistance at $2,762Target: Projected downside target around $1,927, based on the height of the double top pattern.💡 Idea Summary:This setup offers a favorable risk-reward ratio.A break below the neckline confirms bearish momentum.Watch for volume increase on the breakdown to confirm move.Always manage your risk appropriately and wait for confirmation before entering trades.Would you like to add any indicators or fundamental context to support the idea further?You said:descroibe in details with more contentChatGPT said:Here’s a detailed TradingView idea description for the ETHUSD chart you uploaded. It expands on the technical pattern, market psychology, entry strategy, risk management, and overall trade rationale. Feel free to edit it to match your voice/style:📉 ETHUSD – Double Top at Key Resistance | Bearish Reversal Setup in PlayEthereum (ETH) is currently showing strong signs of a potential bearish reversal after forming a textbook Double Top pattern near a major resistance level. This could be an early indication that bullish momentum is fading and sellers are starting to regain control.🧠 Market Psychology Behind the PatternThe double top pattern reflects a scenario where the price fails to break through a significant resistance level twice. The market attempts to push higher but gets rejected both times at the same price zone — indicating that buyers are losing strength while sellers are stepping in with conviction.This pattern often signals a trend reversal, especially when accompanied by a break below the neckline (support between the two tops), which we are closely watching in this case.📊 Technical BreakdownPattern: Double TopResistance Zone: ~$2,739 to $2,762 — highlighted with two clear rejection wicksNeckline Support: Around ~$2,490 (approximate base between the two peaks)Current Price: ~$2,513Price Action: After the second peak, ETHUSD has begun forming lower highs and lower lows — a bearish signal📈 Trade Setup🔹 Entry Point:Potential short entries can be considered on a confirmed breakdown below the neckline (or aggressively at current levels with tight risk).🔹 Stop Loss:Placed just above the resistance level, around $2,762, to avoid being caught in a false breakout.🔹 Take Profit Target:Measured move from the top to the neckline projects a downside target around $1,927This area is also near a historical support level, increasing the likelihood of price reaction.🔹 Risk-Reward Ratio: Approximately 1:2 to 1:3, depending on entry.📌 Additional ConsiderationsA breakdown should ideally be supported by rising volume, signaling strong bearish pressure.Monitor macro news/events or any large movements in BTC, as they can influence ETH’s direction.If ETHUSD invalidates the pattern by breaking and holding above $2,762, the bearish thesis is off the table, and buyers may regain control.🧭 ConclusionThis double top pattern presents a high-probability shorting opportunity on ETHUSD if the neckline breaks decisively. With a clearly defined resistance zone, risk parameters, and downside target, this is a structured trade idea that aligns with classic price action and technical analysis principles.As always, ensure you use proper risk management, avoid overleveraging, and be prepared to adjust based on how the market develops in the coming sessions