Ethereum’s native token, ETH, faces a pivotal moment this week, with technical indicators pointing to potential weakness ahead even as the second-largest cryptocurrency tests a major upside barrier.
According to noted crypto trader Ali, the TD Sequential indicator has presented a sell signal on Ethereum’s 3-day chart. This momentum gauge’s bearish reading comes just as ETH pushes against resistance between $2,000 and $2,150.
This area aligns closely with the horizontal x-axis of an ascending triangle pattern that has developed over recent weeks. Ascending triangle patterns are often considered continuation signals, pointing to a potential bullish breakout but also carrying the risk of a downside breakdown.
If Ethereum is rejected at current resistance levels, a pullback toward the lower uptrend line of the triangle pattern becomes likely. This would imply a dip for ETH back toward the $1,700 zone. From there, Ethereum could regroup and prepare for an eventual triangle breakout and continuation of the broader uptrend.
However, a decisive three-day close for ETH above the crucial $2,150 threshold would invalidate the short-term bearish outlook. Such a move could confirm the ascending triangle as a launching pad for further gains.
Read also:
- How This Smart Ethereum Whale Earned Over $14 Million in ETH Without Always Buying Low and Selling High
- Cardano’s ADA Chart “Couldn’t Look Any Better” As Indicators Flash Bullish – Analyst Updates XRP Outlook
- Have Shiba Inu and Dogecoin Met Their Match in This Memecoin?
For now, traders appear to be exercising caution around current prices. Ethereum shows a technical tilt favoring the bears, but its next moves could prove make-or-break for its trend status over the medium term. The week ahead will reveal important clues, with the $2,000–$2,150 zone standing as the critical battleground to watch.
Join and Get 10k Tokens FREE!
Engaging community with games and crypto incentives
Integrated platform with GameFi and NFT functionalities
Simple interface that’s easy for new users to explore crypto gaming