Ethereum price has been under pressure recently. It dipped to $2,387 amid a broader market downturn driven by speculation regarding Tether’s regulatory scrutiny.
However, technical indicators and on-chain data paint a picture that Ethereum might be ready for a reversal. The sentiments around its short-term future are improving.
TD Sequential Presents Buy Signal
The TD Sequential indicator on the Ethereum 12-hour chart has also suggested a buy signal which is also a positive sign. According to technical analysis of the bearish trend, if the $2,412 support level is maintained, it is projected to bounce back to $2,665.
The TD Sequential presents a buy signal on the #Ethereum $ETH 12-hour chart. If the $2,412 support level holds, #ETH could rebound to $2,665! pic.twitter.com/R9NAP7rfXu
— Ali (@ali_charts) October 26, 2024
This move is in line with the broader market trends that have been observed in the last few days. There has been higher volatility, as Ethereum’s pr
We współpracy z: https://www.thecoinrepublic.com/2024/10/27/will-ethereum-rebound-soon-td-sequential-hints-at-potential-rally/
