Technical analysis by CryptoSanders9563 about Symbol ETH: Sell recommendation (6/11/2025)

ETH/USDT – 4H Chart UpdateEthereum is trading near an ascending channel's upper boundary, around the $2,790–$2,800 area. This level has historically acted as strong resistance, and we are seeing early signs of price hesitation.ETH is testing the top of the channel. Rejection from this area could lead to a reversal towards the lower channel trendline near $2,450–2,500.First Support: $2,600–2,620 (25MA and 100MA area).Deep Support: $2,450 (Channel Bottom).Strong Demand Area Below: $2,050–$2,150 (highlighted yellow box).Moving Averages:The 25MA (black) and 100MA (purple) are currently bullishly aligned.Thanks for your support!DYOR. NFA