Technical analysis by AlexeyWolf about Symbol ETH on 6/14/2025

Hey traders and investors!📍 Context• Market phase: Sideways range• Current control: Seller initiative📊 Key Price Action:The price broke above the upper boundary of the range (2738) with a buyer KC candle, touching the 50% retracement level (2874) of the last weekly seller initiative (1).However, the seller absorbed the buyer’s candle and pushed the price back inside the range (2), forming an IKC candle (3) — the highest volume candle within the seller’s initiative.This sequence presents three bearish signals that support a potential continuation to the downside.🎯 Trade IdeaLikely scenario: price tests the lower boundary of the range at 3,323.🔸 In the meantime, it’s reasonable to look for short setups on lower timeframes within the current seller initiative.🔸 If price reaches 3,323 and valid buyer patterns appear, this zone may offer a good opportunity for long entries.This analysis is based on the Initiative Analysis concept (IA).Wishing you profitable trades!