Technical analysis by Ibrahim_Trade786 about Symbol ETH: Sell recommendation (7/22/2025)

ETHUSD Elliott Wave Breakdown: Bearish Momentum Building? Hey Traders! 👋 Taking a deep dive into the ETHUSD chart, the current Elliott Wave structure points toward a potentially bearish scenario unfolding in the short term. 📉 After completing a clear 5-wave impulsive move to the upside — labeled (i), (ii), (iii), (iv), (v) — price action shifted into a complex corrective phase, likely an ABCDE pattern, which appears to have topped out at recent highs. Since then, ETH has shown signs of weakness, and the market structure suggests we may now be entering a larger corrective or impulsive decline, currently unfolding as a potential (a), (b), (c) pattern to the downside. 🔍 Key Chart Insights: ✅ 5-Wave Impulse Completed: The prior bullish move has likely exhausted. ✅ ABCDE Correction Topped: Complex correction at the highs seems finished. ✅ New Bearish Leg in Play: Current movement is forming a potential (a), (b), (c) decline. ✅ Support Broken: Recent breakdown below key zones reinforces bearish pressure. ✅ Blue Arrow Projections: Potential downside targets are clearly mapped out. 🔭 What I'm Watching: I’m monitoring the development of wave (c) within this new bearish sequence. If price action respects the projected path, ETHUSD could head toward lower support zones where we might see a reaction or consolidation. ⚠️ As always, stay flexible. Elliott Wave analysis provides scenarios, not certainties. Risk management remains key in navigating volatile market conditions. What do you think? Are we heading deeper, or is ETH prepping for a reversal soon? Drop your thoughts in the comments! 👇1st target hitwating for second target