Ethereum Historical Indicator Flashes Long-Term Buy Signal – Is History Repeating?
The post Ethereum Historical Indicator Flashes Long-Term Buy Signal – Is History Repeating? appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. Ethereum has been struggling below the $2,800 mark for days, unable to reclaim it as support to kickstart a recovery rally. This key level remains a significant barrier for bulls, and as the price continues to consolidate below it, bearish sentiment is growing. Many analysts call for a continuation of the downtrend, reflecting the downbeat mood in the market. Investors, who once believed Ethereum would rally alongside Bitcoin this year, are now showing signs of doubt. Related Reading However, not everyone is bearish. Some investors remain optimistic, pointing to signs that Ethereum may be gearing up for a recovery phase. Crypto analyst Ali Martinez recently shared a technical analysis revealing that the TD Sequential indicator has flashed a buy signal on Ethereum’s weekly chart. This rare event has historically indicated the beginning of a significant trend reversal. Martinez points out that whenever this indicator is triggered during the weekly timeframe, Ethereum often follows with strong upward momentum, signaling a potential bullish phase ahead. As Ethereum hovers below the $2,800 resistance, traders and investors are watching closely. If history repeats itself and the TD Sequential signal proves accurate, Ethereum could surprise the market with an aggressive move into higher price levels. Ethereum Prepares For A Recovery Phase Ethereum is testing critical liquidity below the $3,000 level, a significant psychological price point that analysts believe will determine Ethereum’s performance in the coming weeks. This level has become a battleground between bulls and bears, with sentiment in the market remaining highly divided. Retail investors, losing confidence in the potential for a near-term recovery, continue to sell, contributing to downward pressure on the price. Meanwhile, larger players appear to be taking advantage of the dip, accumulating Ethereum at an accelerated pace, signaling confidence in the asset’s long-term…
Filed under: News - @ February 16, 2025 9:05 am