Technical analysis by DomicChaina about Symbol ETH: Sell recommendation (12/3/2025)

Hello everyone, ETH has just bounced back — but is this the beginning of a new bullish wave, or simply a technical pullback before the market chooses its true direction? Let’s break it down together! ETH recently experienced a sharp dump from 3,150 down to 2,780, sweeping liquidity below and forcing the market into a technical “reset.” The long bearish candle accompanied by high volume suggests a real sell-off, but right after that, ETH reversed upward and is now hovering around 3,050, pressing against the EMA 89 while the EMA 34 begins to curl upward. This rebound is essentially a technical pullback within a broader downtrend — price is trying to rebalance around the EMAs after a deep drop. Volume has picked up slightly, but there’s no real FOMO yet; it’s mostly short covering and early dip-buyers stepping in. Market structure still leans bearish: lower highs, lower lows, a downward-sloping EMA 89, and ETH still hasn’t secured a strong 4H close above 3,100–3,150. However, this bounce does have a foundation: expectations of a softer Fed stance, Bitcoin recovering slightly and dragging altcoins up, and Ethereum’s long-term narrative continuing to attract investors — turning the 2,800 zone into a “discount zone” for gradual accumulation. Still, the rebound isn’t strong enough to confirm the start of a new uptrend. My personal view: ETH is likely to continue rising toward the 3,080–3,120 region — a confluence of the EMA 89, previous highs and a prior supply area. If selling pressure reappears — upper-wick candles, rising volume — ETH could face rejection and retrace lower. The support levels I’m watching are 2,950–2,900, with a deeper zone at 2,820–2,780 where ETH may form a higher low before attempting another push upward. Conditions required to confirm a true bullish wave: A clean, stable 4H close above 3,150–3,180. EMA 34 crossing above EMA 89, with both EMAs starting to slope upward. Clear buying volume expansion during breakout attempts. Only when these criteria are met can upside targets extend to 3,260 – 3,380, and potentially 3,520, depending on Bitcoin’s strength and overall market sentiment. Wishing everyone disciplined and effective trading — pay close attention to how ETH reacts around these key EMA zones!