Technical analysis by FrankFx14 about Symbol ETH: Sell recommendation (8/9/2025)

Ethereum has pushed into a major supply zone around $4,175 – $4,250, an area where sellers previously gained control. Price is currently testing the upper boundary of this zone after a strong bullish rally from late July. 🔍 Key Observations: Supply Zone: $4,050 – $4,250 (marked in blue) This zone has historically led to significant pullbacks. Price is currently reacting here, and rejection could trigger a downside move. First Major Support: $2,883 – A previous consolidation and breakout level. If price drops, this could be the first target area. Demand Zone: $2,150 – $2,250 (orange zone) Strong bullish momentum started from here in June, making it a high-probability demand area if deeper retracement occurs. 📈 Possible Scenarios: Bearish Reversal – If sellers defend the $4,250 level, ETH could retrace toward $2,883 and possibly $2,198 in a larger correction. Bullish Breakout – A clean break and daily close above $4,250 would invalidate this supply and open doors for a run toward new highs. 🔻 Bias: Short-term bearish while below $4,250, expecting a potential correction toward key supports. Disclaimer: This is for educational purposes only and not financial advice. Always trade with proper risk management.