A rare technical buy signal has emerged on Ethereum's 12-hour chart. Crypto analyst Ali Martinez highlighted that the TD Sequential indicator completed a '9' count, often associated with trend exhaustion and imminent reversal. ETH traded near $2,138 when the signal appeared, after sliding from levels above $2,300 in prior sessions.
TD Sequential Fires Buy Signal on 12-Hour Chart
The TD Sequential counts consecutive candles in a strong trend to pinpoint potential turning points. Once the count hits 9, many traders watch for a bounce or relief rally. Martinez noted that Ethereum's recent candle bodies have been shrinking compared to earlier bearish bars — a pattern that frequently reflects weakening seller momentum. “If buyers can maintain support around current levels, a rebound could follow,” he said.
The signal carries extra weight because ETH had already endured multiple bearish sessions before the count finished. According to Martinez, longer downward moves tend to boost the reliability of TD Sequential buy signals. Despite broad crypto market uncertainty, Ethereum avoided another major breakdown near $2,100, a critical support zone.
Key Levels to Watch for Recovery
On the upside, ETH faces immediate resistance at $2,180 and $2,200. Analysts believe reclaiming $2,260 is essential for stronger bullish momentum to return. Meanwhile, support near $2,100 remains vital for short-term structure. A break below that level could invalidate the bullish setup and expose ETH to further downside.
Traders are now watching whether ETH can stabilize above these levels and gradually push higher. The TD Sequential signal has bolstered expectations for a potential rebound, but confirmation in the form of follow-through buying — especially on rising volume — will be key in the sessions ahead.