Technical analysis by Momonoo about Symbol ETH: Sell recommendation (4 hour ago)

Hello everyone, let’s take a closer look at ETH in the current market context. ETH is moving in a clearly defined downtrend, where every bounce only manages to reach a Fair Value Gap before being rejected almost instantly. The Lower High – Lower Low structure remains intact, showing that sellers still maintain complete dominance over the market. On the news side, the picture isn’t any brighter. Bitcoin is stalling at key resistance, weakening flows into altcoins. The ETH spot ETF has offered no fresh catalysts, and the Fed continues reinforcing its “higher for longer” stance. In other words, there’s nothing in the current environment that supports meaningful buying momentum. Technically, ETH is trading below a thick, downward-sloping Ichimoku cloud. Red FVG zones continue to reject price, and the Volume Profile reveals significant liquidity resting lower — effectively “pulling” price back towards previous trading regions. Every signal is aligning in the same direction. From my perspective, ETH is likely to slide further into the 2,720–2,740 USDT zone to fill the remaining green FVG. If selling pressure continues at the recent pace, price could even extend toward 2,650 USDT — a high-liquidity area and the nearest structural low. What do you expect next — a deeper drop or a surprise reversal?