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

Ethereum is moving in a clear downtrend, with every slight uptrend turning into an opportunity for selling pressure فور touching the FVG zones. The continuation of the pattern of declining tops and bottoms confirms sellers’ control over the movement. On the news front, the market is showing no signs of improvement. Bitcoin holding at strong resistance reflects weak trader interest in altcoins, while the absence of developments in the Ethereum spot ETF and the Fed's continued hawkish tone add more negativity to the scene. Technically, the price is moving below the thick, downward-trending Ichimoku cloud, with frequent rejection of the red FVG areas. The liquidity reading shows the presence of large quantities in the lower areas, which increases the possibility of the price returning to them. Based on these data, ETH may head towards 2,720–2,740 USDT to fill the FVG area, with the decline potentially extending to 2,650 USDT if selling pressure continues.