Technical analysis by Mentor_Michael03 about Symbol ETH: Sell recommendation (7/21/2025)

Ethereum at Crucial Resistance – Will the Bulls Hold or Fade?” Ethereum is currently trading near a key resistance zone around $3,800, as marked on the chart. After a strong bullish rally with clear Break of Structures (BOS) along the way, ETH has now reached an extended point where price may face selling pressure. The Bollinger Bands are stretched, showing overextension, and the marked arrow suggests a possible correction or pullback from this level. A retest of previous support zones (~$3,400–$3,200) could be expected if the resistance holds. ⸻ Key Levels: •🔼 Resistance: ~$3,800 •🔽 Support: ~$3,400 / ~$3,000 •🔄 Price Action: Watching for rejection or breakout confirmation This is a textbook case of price approaching a strong resistance level after a bullish wave, where caution and confirmation are key for the next move.