Technical analysis by MarketIntel about Symbol ETH: Sell recommendation (11/8/2025)

Ethereum recently slipped back below support at $3,357 and is currently struggling to reclaim this level. In line with our primary scenario, we expect further downside below this threshold to complete magenta wave within the lower magenta Target Zone ($2,749 – $2,149). From there, a significant corrective rally is likely, targeting the high of magenta wave (B) in the upper magenta Target Zone ($5,805 – $7,326).