Technical analysis by dramos31 about Symbol ETH: Sell recommendation (9/3/2025)

ETH Daily – Descending Triangle at Key Support ETH is currently testing major support at $4,322, forming a bearish descending triangle. Price is compressing, and volume has decreased over the last week — typical of consolidation before a breakout. RSI is around 50, sitting below its moving average and flattening, showing neutral to slightly bearish momentum. MACD is below the signal line but still above zero. Histogram is red and trending lower, indicating weakening bullish momentum. Stochastic RSI is near oversold territory, which could suggest a short-term bounce — but no confirmation yet. Volume continues to decline, suggesting a bigger move is coming. If $4,322 breaks, next support is around $4,286, with a potential drop toward $4,065 if momentum accelerates. If support holds, expect possible sideways action or accumulation. Watch for fake-outs — especially if price attempts to reclaim the upper triangle trendline without volume support. Bias: Neutral to Bearish — waiting for confirmation.