After starting out strong this week, Ethereum (ETH) is back at the critical price level of $2,000, which is currently acting as the lower end of the critical resistance zone, and indicators point to more declines before the second-largest cryptocurrency by market capitalization could continue upward.
Indeed, according to the professional crypto trader Ali Martinez, Ethereum’s “TD Sequential is flagging a sell signal on the ETH 3-day chart” as the asset is testing “a major resistance zone between $2,000 and $2,150, aligning with the x-axis of an ascending triangle pattern,” as he explained in an X post published on November 15.
Created by market analyst Tom DeMark, the TD Sequential tool aims to pinpoint the precise timing of trend exhaustion and price reversal. It is a counter-trend indicator that seeks to overcome the issue of various technical analysis (TA) indicators that perform well in trending markets but poorly in range markets.
Furthermore, the crypto analyst noted th
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