Technical analysis by BlackGoldMarket about Symbol ETH: Sell recommendation (1/8/2026)

Price has confirmed a bearish break of the rising structure, failing to hold above the EMA and respecting the descending trendline as new resistance. Recent pullbacks into the trendline are being sold, signaling strong seller control. As long as price remains below 3,150–3,170, any bounce is likely corrective rather than a reversal. A brief push toward the trendline may occur but is expected to attract fresh selling pressure. Sustained weakness below 3,100 exposes downside liquidity toward 3,060, with a deeper target near 3,000–2,980. Only a decisive breakout and close above 3,240 would invalidate the bearish scenario and signal a shift back to bullish momentum.