Technical analysis by Alpha_Trade_Scope about Symbol ETH: Sell recommendation (13 hour ago)

This 1H ETH/USD chart highlights a clear transition from consolidation to distribution and then into a bearish trend. Price first ranged in tight consolidation zones before a bullish breakout that ultimately failed, forming a double top near the highs. A confirmed CHoCH (Change of Character) signaled bearish control, followed by rejection from a Fair Value Gap (FVG) within a descending channel. With downside momentum increasing, price is now targeting lower liquidity levels, with $2,833 as the first target and $2,728 as the second. Overall structure favors continuation to the downside unless price reclaims the channel and invalidates the bearish bias.