Technical analysis by Samantha-Urfe about Symbol ETH: Sell recommendation (7/21/2025)

Ethere (ETHUSD) Bearish Reversal Within Rising Channel – Potential Correction Ahead 🔍 Technical Overview: Rising Channel Structure: ETH has been moving in a well-defined ascending channel since July 16. However, recent price action near the upper boundary shows exhaustion. Price Rejection Near $3,800: ETH failed to break above the psychological resistance at $3,800, forming a local top with bearish divergence. Ichimoku Signal Weakening: Price has re-entered the Ichimoku Cloud with weakening bullish momentum. A clear break below the Kijun-sen (~$3,711) would signal trend shift. Potential Breakdown Path: The projection outlines a short-term rally toward $3,770–$3,780 resistance, followed by a breakdown toward: Target 1: $3,600 – aligning with prior structure support and the lower edge of the Ichimoku cloud. Target 2: $3,500 – deeper correction if momentum continues. 📊 Key Levels: Resistance: $3,780 – $3,800 Support: $3,600 > $3,500 > $3,400 📌 Outlook: A bearish reversal is anticipated if ETH fails to reclaim and sustain above the $3,780 zone. Look for confirmation through cloud breakdown and volume pickup on downside. --- ✅ Tips for Getting Featured: Include detailed trade idea with entry, stop loss, and take profit zones. Use high-resolution, clear charts with marked key levels and projected paths. Add value through unique patterns or indicator-based signals (like Ichimoku in this case).