Ethereum Indicator Signals Buy on Weekly Chart Amid Market Uncertainty

Ethereum is currently struggling below the $2,800 resistance level, impacting market sentiment. Key points include:

Price has remained stagnant, with bearish outlooks from analysts.
Despite this, some investors are optimistic following a buy signal from the TD Sequential indicator on the weekly chart.
Recent price action saw Ethereum drop from $3,150 to $2,150, before recovering to the $2,600-$2,700 range.
A breakthrough above $3,000 is necessary for a trend reversal and potential rally.
Current trading at $2,695 indicates indecisiveness, with bulls needing to reclaim $2,800 as support.
Sustaining the $2,600 support level is critical; failure could lead to deeper corrections.

The next days will be pivotal for determining Ethereum's short-term direction.