Technical analysis by CryptoAle992 about Symbol ETH: Sell recommendation (6/5/2025)

1. Main Trend:The short-term trend is currently sideways/slightly bullish. After a bearish phase, ETH has recovered above the 200-period moving average (green line), but struggles to decisively break the resistance around 2,620–2,640 USDT. The 50-period moving average (red) is close and often crossing the 200, indicating stability/uncertainty in the trend.2. Key Levels:Supports: 2,594 USDT (MA 200), 2,589 USDT (BB), 2,588 USDTResistances: 2,622 USDT (BB + recent local high), 2,655 USDTBreakdown: A clear hourly close below 2,590 USDT could open the door to declines towards 2,550/2,520 USDT.Breakout: Only a strong close above 2,622–2,655 USDT would confirm a new bullish momentum.3. Technical Indicators:RSI (45.73): Neutral, near oversold territory but without clear divergences (potential for rebound but risk of further weakness).MACD: Still negative, indecisive signal with MACD line below Signal and both flat: no dominant momentum.Bollinger Bands: Price is near the mid-band, typical of lateral phases. Bandwidth is low, suggesting the possibility of an imminent volatility spike.Trading SignalAsset: ETHUSDT Perpetual (1h)Direction: ShortEntry: 2,592 USDT(below the dynamic MA200 support and near the lower BB edge, confirming intra-hour weakness)Stop-loss: 2,622 USDT(above the central BB line and first resistance level)Take-profit:TP1: 2,555 USDT (previous lows and static support)TP2: 2,520 USDT (next key historic level)Confidence: MediumAdditional Notes:Consolidation phase; volatility likely in the coming hours.If price breaks and closes strongly above 2,622, bearish scenario is canceled; consider switching to long.Macro: watch for BTC volatility and possible knock-on effects on ETH.Pattern: no strong reversal pattern; situation dominated by uncertainty.Reasoning:The price action shows indecision and fluctuations within a tight range, but repeated tests of support without a strong rebound suggest underlying weakness. Failure to reclaim 2,622 strengthens the case for a short-term short, with a tight stop to protect against potential “fake breakouts.”