Technical analysis by Mihai_Iacob about Symbol ETH: Sell recommendation (10/31/2025)

After the flash crash on October 10th, ETH recovered quite well — but as mentioned at that time, for a full recovery and return to a bullish tone, the price needed to reclaim the $4,300 resistance. That never happened... After a second attempt on Monday, the price is now back below $4,000, testing the recent short-term support zone. Looking at the broader structure since early August, the market has turned decisively bearish, showing two clear phases of distribution. As previously noted, the price continues to press against the confluence support, and I expect a breakdown to occur soon. If that happens, ETH could fall toward the $3,000 area to retest the major support level that dates back to 2024.ETH tested 3k yesterday. A break here would expose important 2500