Technical analysis by invest_with_hazel about Symbol ETH: Sell recommendation (7 hour ago)

📉 Ethereum (ETH/USD) Technical Outlook🕒 Timeframe: 1 Hour (1H) | 📈 Exchange: BITSTAMP📅 Date: June 25, 2025📐 Pattern: Rising Wedge Breakdown📊 Market Structure Overview:Ethereum recently formed a rising wedge pattern, which often signals a potential trend reversal. The price showed strong bullish momentum but started consolidating near the resistance zone around $2,425 – $2,498.A breakdown from the wedge has now occurred, suggesting the possibility of a short-term correction or retracement.🔽 Key Levels to Monitor:> This analysis is for educational purposes only, not financial advice.First Watch Level (TP1): $2,289Second Watch Level (TP2): $2,150These levels are based on support zones and prior market reactions. Price may react or consolidate around these areas if bearish pressure continues.📌 Analyst’s Note:This is a neutral, pattern-based analysis using basic price action and volume. Please use proper risk management and avoid overleveraging. Market conditions may change quickly.🔒 Disclaimer:This content is shared for educational and informational purposes only. It is not financial advice or a trading signal. Always do your own research before making any trading decisions.