Technical analysis by rizz_razzah about Symbol ETH: Sell recommendation (10/18/2025)

ETH seems to have been rejected at ATHs, with a consequent break of trend diagonal, it's retest and rejection. The chart reflects a bearish divergence between price and momentum indicators, suggesting a possible trend reversal for ETHUSD in the coming months. The RSI shows a lower high while price made a higher high, indicating weakening buying pressure. Similarly, the MACD’s lower high echoes a loss of momentum, confirming the divergence signal.​ The main daily chart displays a breakdown of the multi-month uptrend, as the price violated its rising support line around the end of September 2025. This technical break is reinforced by the outlined Fibonacci retracement levels, providing reference points for potential support and resistance zones. The red projection line anticipates further downside, aligning with the negative momentum seen in RSI and MACD.​ Price targets for the projected short setup are highlighted by the green box between the $2,150 and $2,600 zone, where historical volume and Fibonacci confluence may offer stabilization. A broader target extends as low as $1,650 if bearish momentum intensifies, while resistance on any bounce exists near $3,200 and $3,850.​ Trade Idea Summary: Bias: Bearish, following uptrend break and momentum divergence.​ Entry range: On confirmed retest and rejection of the broken trend line or key resistance ($3,200–$3,850). Profit targets: $2,600, $2,150, $1,650, based on volume profile and Fibonacci levels.​ Stop loss: Daily close above $4,000 or reclaim of trendline. Risk management: Adjust stop as price approaches $2,600 zone. This setup emphasizes momentum decay, technical breakdown, and structured targets, ensuring clarity for both experienced and newer traders. NFA