Technical analysis by linofx1 about Symbol ETH on 11/16/2025

Even though ⚠️ETHEREUM is trading in a bearish trend since October, 📉 The pair has been in a deep consolidation, since the last 3 days 🗓️ The price is currently testing a strong horizontal support level where the price is consolidating. ↔️ Because the trend is strongly bearish, chances will be high to see a further bearish continuation. 🐻 Your reliable confirmation will be a breakout and a 4H candle close below the underlined support. 🕯️ The next goal for the sellers will be 2840 🎯 Alternatively, the market may continue consolidating and trading within the range. 🔄