Ethereum Historical Indicator Signals Potential Long-Term Buy Opportunity
Ethereum (ETH) is currently trading below the $2,800 resistance level, struggling to reclaim it as support. Key points include:
- Bearish sentiment is increasing among investors.
- Crypto analyst Ali Martinez reports that the TD Sequential indicator has flashed a buy signal on Ethereum’s weekly chart.
- This signal historically precedes significant upward momentum for Ethereum.
- Current market conditions show retail investors selling while larger players accumulate ETH.
- Ethereum is testing liquidity below $3,000, a critical psychological level.
The next steps for Ethereum are crucial:
- Reclaiming $2,800 as support could trigger a rally towards $3,000.
- A failure to break above $2,800 may lead to a decline towards $2,500.
- Investors are closely monitoring price movements for signs of recovery or further downside.
