Technical analysis by ManiMarkets about Symbol ETH: Sell recommendation (11/13/2025)

📉 ETHUSD: Caught in a Downtrend Triangle Below Key Targets – What's Next for Ethereum? Timeframe: 4-Hour Chart Ethereum (ETHUSD) is currently trading around $3,440. The price is showing clear signs of bearish pressure, trapped within a developing pattern after failing to sustain higher levels. Current Price Action & Trend Analysis: Ethereum has been in a sustained downtrend since hitting peaks in late October, marked by a series of lower highs. The most recent attempt at a recovery was firmly rejected at the 3700 'Upside 1st Target' zone around November 10th-11th. Since this rejection, ETHUSD has been consolidating, largely operating below a prominent red descending trendline that acts as dynamic resistance. The price is currently hovering around the 3350 'Deciding Area', which appears to be acting as immediate support. However, repeated rejections from the descending trendline (forming a potential descending triangle or wedge pattern) highlight the persistent selling pressure. While the price has found temporary bounces from this 'Deciding Area', the inability to break the overhead trendline suggests continued weakness. Key Resistance Levels: Descending Red Trendline: This dynamic trendline, currently just above the 3500 mark, is the most immediate obstacle for any bullish recovery. A breakout above this would be the first hint of shifting momentum. 3700 Upside 1st Target: This was the recent high point before the current leg down and represents a significant resistance level that bulls need to overcome to regain conviction. 3850 to 3950 1st Key Resistance & 4085: These higher resistance zones are currently out of immediate reach but remain significant hurdles for a broader trend reversal. 4200 to 4300 Strong Resistance: This major overhead resistance marks the area of the previous peak and would require a substantial bullish impulse to challenge. Key Support Levels: 3350 Deciding Area: This grey zone is acting as immediate support. Sustained trading below this area would be a clear bearish signal. 3200 Downside 1st Target: Should the 'Deciding Area' fail to hold, the chart identifies 3200 as the 'Downside 1st Target'. This level could attract buyers but also represents a critical breakdown point. 3000 Key Support Level: This strong psychological and technical support level would come into play if 3200 is breached. It represents a last line of defense for the broader mid-term bullish structure. Bullish Scenario: For Ethereum to turn bullish in the short term, it needs to decisively break above the descending red trendline and then firmly reclaim the 3700 'Upside 1st Target' with strong volume. This would invalidate the current bearish pattern and suggest a potential move towards higher resistance levels. Bearish Scenario: The prevailing bearish sentiment suggests a higher probability of continued downward movement. Failure to break the descending trendline and a decisive break below the 3350 'Deciding Area' would likely open the path to test the 3200 'Downside 1st Target'. A breach of 3200 could lead to a rapid descent towards the 3000 'Key Support Level'. Conclusion: Ethereum is currently at a critical juncture, struggling under a bearish trendline and clinging to the 3350 'Deciding Area' support. The immediate future for ETHUSD hinges on whether it can break out of this descending formation to the upside, or if continued selling pressure will push it towards the 3200 and 3000 support levels. Traders should watch for a clear break from the current consolidation pattern to confirm the next directional move. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.