2023-12-11 13:30 |
In a recent market analysis, seasoned crypto trader Ali has drawn attention to a noteworthy development on the Ethereum (ETH) charts. According to Ali, the TD Sequential indicator has issued a sell signal on the ETH 3-day chart, signaling a cautionary note for Ethereum investors.
The sell signal, if confirmed, could pave the way for a prime buying opportunity, with Ali suggesting that ETH might retrace to the $2,150 level. This retracement, if it materializes, could mark a crucial juncture in market dynamics, presenting an opportune moment for investors to enter or accumulate Ethereum positions.
Ali’s analysis doesn’t stop at the potential retracement; he envisions this as a strategic move before a potential rally. The optimistic scenario outlined by Ali suggests that Ethereum could embark on a bullish trajectory, aiming for a target of $3,500.
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Chainlink (LINK) Nears Make-or-Break Resistance Level Why Has Avalanche (AVAX) Pumped 300% in Two Months? Rebel Satoshi Demonstrates BIG Profit Potential: How Do Ethereum (ETH) and Avalanche (AVAX) Compare?While the crypto market is inherently volatile, traders often rely on technical indicators like the TD Sequential to navigate price trends. The sell signal on the 3-day chart, as highlighted by Ali, adds an intriguing layer to Ethereum’s current narrative, prompting investors to watch the charts closely for confirmation and potential market shifts.
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