Technical analysis by Eldric_Morran about Symbol ETH: Sell recommendation (11/6/2025)

Ethereum is showing signs of recovery after consecutive bearish sessions as buying pressure re-emerged near USD 2,940. This rise could cause the price to rise to the USD 3,810 region and retest the upper resistance line of the falling channel. However, the technical structure shows that the medium-term downtrend is not over yet. ETH Strong selling pressure occurs whenever resistance touches the trend line — a signal that the bears still control the market. Therefore, after the price rises to the USD 3,810 region, the selling pressure is likely to return and the price may retest the previous low near USD 2,940. In summary: ETH is in a short-term recovery phase, but the main trend is still downward. This move could be a “breathing” phase before the market continues a deeper decline.