Technical analysis by CryptoSkullSignal about Symbol ETH: Sell recommendation (9 hour ago)

ETH Weekly UPDATE. Ethereum has hit the $3050 zone right as expected, and sellers are still pressing down. The rejection from $3500 confirmed that momentum flipped bearish and structure has not recovered since. As long as price stays under the $3400–$3500 range, the downside pressure remains valid. ETH is now breaking below $3000. If it fails to recover and hold above this level, the next liquidity pockets sit at $2800 and $2600, where buyers may try to defend. Until then, patience favors the bears. But if ETH holds $3000, a reversal toward $3400–$3500 is possible. The only real shift in momentum comes if ETH reclaims the 1W 50 EMA and builds support above it. That would open the door for a sharp move back toward $3800–$4000. Until then, every bounce is just a reaction, not a reversal.