Ethereum

Cryptocurrency

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 <p class="paragraph">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.</p>
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 <p class="paragraph">Indeed, according to the professional crypto trader Ali Martinez, Ethereum’s “TD Sequential is flagging a sell <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> 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.</p>
 <p class="paragraph">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 <a rel="noopener noreferrer nofollow" title="indicator" href="https://thebittimes.com/tag/indicator.html">indicator</a> that seeks to overcome the issue of various technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) <a rel="noopener noreferrer nofollow" title="indicator" href="https://thebittimes.com/tag/indicator.html">indicator</a>s that perform well in trending markets but poorly in range markets.</p>
 <p class="paragraph">Furthermore, the crypto analyst noted that a “pullback from this resistance level could lead to a dip toward the triangle’s hypotenuse at $1,700, setting the stage for a potential uptrend continuation,” advising his followers to “keep an eye on the crucial $2,150 level” as “a sustained 3-day candlestick close above this could negate the bearish outlook.”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/1eDL9X63S3JArryjh6ZrUubzl6O6XPk0y3ghJv_9DusbRbJbVMY-LxCmScVsvEDZRs93ZyPDjsxQsgtgh-W3EBEsvICNFAUPe3UKe-ozYSkWYEXIR3h0mRgYrsnuGgZZQmeLWor5bE-gLB6Hpa2ozV0" alt>
  <figcaption class="wp-element-caption"><em>Ethereum price action analysis and prediction. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum price analysis</h2>
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 <p class="paragraph">Meanwhile, Ethereum was at press time changing hands at the price of $2,002.37, which is a decline of 1.65% in the last 24 hours while still keeping the 6.11% advance accumulated across the previous seven days and a more significant gain of 26.23% over the past month, as per data on November 15.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/tcntg-Edz_D38aKkRmwzPhAFttRhp_iKSuArhhHAvAAVBHY1Nv5UBH6Ic_CtZkA9ZsJ-DGbleHin3CwfRWAyv21UKU9loVX1Aab2hwP-0HSqxXBJmsTy60rnevxD4oVe3CZx0pU3MRQEnvVI4S1-Hjs" alt>
  <figcaption class="wp-element-caption"><em>Ethereum 7-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Ethereum could follow the path set by Martinez, which does mean a temporary decline but could act as a springboard for larger gains in the future, should other <a rel="noopener noreferrer nofollow" title="indicator" href="https://thebittimes.com/tag/indicator.html">indicator</a>s fall in line with this <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, along with positive developments related to the asset.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-indicator-flags-sell-signal-expert-analysis-tbt70377.html">https://thebittimes.com/ethereum-indicator-flags-sell-signal-expert-analysis-tbt70377.html</a></p>

Ethereum indicator flags ‘sell signal;’ Expert analysis

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