Ethereum (ETH) Flashes Possible Rebound Signal, According to Crypto Analyst – Here’s His Outlook
Leading smart contract platform Ethereum (ETH) is flashing a signal for a potential bounce, according to a popular crypto analyst.
The digital asset trader Ali Martinez tells his 76,700 followers on the social media platform X that ETH’s Tom DeMark (TD) Sequential Indicator presented a bullish signal on its four-hour chart.
Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.
Says Martinez,
“For this bullish setup to hold, ETH needs to stay above the $2,480 support.”
ETH is still above that level at time of writing and trading at $2,516. The second-ranked crypto asset by market is trading roughly…
