Technical analysis by BenMcyInsights about Symbol ETH: Sell recommendation (5/29/2025)

🔍 Top ConsolidationETH is struggling to break and hold above the $2,780-2,810 resistanceTight range for days, indicating accumulation without clear direction🎭 Potential Bull Trap“AMD-style” scenario: a false breakout today followed by a sharp rejectionUpward manipulation to hunt long stops📉 Retracement PhaseAfter the rejection, expect ETH to retrace the recent bullish impulseTechnical target : test the 50% Fibonacci level (~$2,350) or the OTE zone around $2,300–2,250🚀 Mega Breakout IncomingOnce manipulation and retracement phases complete, look for a massive bullish breakoutNext upside target: reclaim highs above $3,000+👉 Watch For :False break above $2,810Confirmation of 50% retracement to validate renewed bullish momentumVolume and price action in the $2,300-2,250 zone💡 Summary : accumulation → bull trap → healthy retracement → launch into a new bullish leg.