Technical analysis by The_Alchemist_Trader_ about Symbol ETH: Sell recommendation (12/16/2025)

Ethereum price action has broken down bearishly from a rising wedge structure, confirming a continuation of downside momentum. The breakout attempt into the 0.618 Fibonacci level proved to be a false move, trapping late buyers before price was rejected back into the wedge — a classic technical fakeout. Following this failure, Ethereum has now lost the Point of Control on a daily closing basis. This shift signals a loss of market equilibrium and increases the probability of a deeper corrective move. As long as price remains below the Point of Control, downside continuation toward the $2,500 region remains the higher-probability scenario. Key Levels & Structure: -Pattern: Bearish rising wedge breakdown - Failed Breakout: 0.618 Fibonacci retracement - Key Support Target: $2,500 What to Expect: Ethereum is likely to remain under pressure unless it can reclaim the Point of Control. Failure to do so keeps the downside target toward $2,500 firmly in play.