Market analyst Ali Martinez pointed out that the TD Sequential indicator has been reliably signaling Ethereum’s turning points. After signaling a buy near $1,520 in July, ETH surged toward the $2,000 resistance but now shows a sell setup, hinting the recent rally is losing steam. The price recently fell below key short-term moving averages, increasing selling pressure as bulls struggle to maintain control.
Ethereum’s price hovered around $1,883 on the four-hour chart, slipping under both the 20-period and 50-period exponential moving averages, sitting near $1,905 and $1,900 respectively. Immediate support rests near the 100-period EMA at about $1,878. Should this level fail, the 200-period EMA near $1,845 might come under test. The MACD indicator also reflects weakening momentum, with the line below its signal counterpart and the histogram diving deeper into negative territory.
Crypto Lens highlighted that Ethereum remains confined between $1,860 and $1,955 as selling pressure caps the recovery. The analyst expects ETH to mount a final push toward $2,000 before a steeper downswing possibly brings prices down between $1,400 and $900. This aligns with the bearish outlook hinted at by TD Sequential’s reversal signals. The current price action suggests buyers must reclaim the $1,900 to $1,905 range to restore bullish confidence.
Ethereum’s inability to sustain gains above $2,000 echoes broader market hesitations after recent price surges. Meanwhile, open interest on Ethereum dropped slightly from $13.47 billion to around $13.31 billion, indicating cautious positioning ahead. Traders will be watching closely for a break below key support zones or a renewed upward thrust that could change the short-term narrative.
This information is presented for educational purposes and does not constitute financial advice.
