Technical analysis by Hamza_Gold about Symbol ETH: Sell recommendation (4 hour ago)

This chart shows the recent price movement of Ethereum (ETH) against the U.S. Dollar on the 15-minute timeframe. The market initially found strong support in the green zone at the bottom, where price reversed and started moving upwards. This area marked the beginning of a bullish trend, confirmed by breaks of structure (BOS) and a change of character (CHoCH)—indicating a shift from bearish to bullish momentum. Following this, ETH made a strong bullish move, breaking past previous highs and entering a resistance zone marked in blue. However, once price entered this resistance area, it began to slow down and form what is labeled a “Weak High”, meaning buyers were losing strength and struggling to push price higher. The chart highlights a potential short trade setup: If a candle closes below the marked support level just under the resistance zone, it would suggest the start of a bearish move. In that case, the suggested trade is to enter a short position and aim for the lower support area (target zone) where the price may again find demand. This setup reflects a possible trend reversal from bullish to bearish in the short term, especially if price fails to maintain above the resistance and breaks the nearby support.