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Ethereum (ETH) remains under pressure, struggling to reclaim the $2,800 level after shedding 21% of its value since January 31 as bearish sentiment grips the market. 
However, signs of a potential rebound are emerging, with both technical indicators and fundamental factors suggesting a shift in momentum.
At press time, ETH is trading at $2,693, up 1.09% in the past 24 hours. Despite the slight recovery, the second-largest cryptocurrency remains down 2.4% on the weekly chart, reflecting ongoing market uncertainty.
Ethereum one-day price chart. Source: Finbold
ETH technical indicators hint at a trend shift
An analysis by crypto analyst Ali Martinez has identified a TD Sequential Buy Signal on Ethereum’s weekly chart, a widely followed indicator used to spot trend reversals. 
Ethereum price analysis chart. Source: Ali Martinez/X
Historically, a ‘Buy 9’ signal on the TD Sequential has preceded strong bullish rebounds, suggesting ETH may be nearing a momentum shift.
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