Ethereum Faces Potential Pullback As Technical Signal Emerges
The post Ethereum Faces Potential Pullback As Technical Signal Emerges appeared on BitcoinEthereumNews.com. TD Sequential signals possible trend exhaustion near $2,500 after recent ETH rally Resistance seen near $2,530 with support holding at $2,500 amid flat volume ETH remains 48.68% below ATH despite rebound from sub-$1,800 levels earlier this month Ethereum’s recent upward momentum may be losing strength, with technical indicators suggesting a possible short-term correction. A sell signal triggered by the TD Sequential indicator on the 3-day chart has drawn attention from analysts, as ETH trades just above a key support level following a brief rally. Analyst @ali_charts shared a May 17, 2025, chart showing a completed “9” count on the TD Sequential indicator. This signal is typically associated with trend exhaustion and may indicate a local top. The warning comes after Ethereum rose earlier this month, climbing from under $1,800 to a recent high of $2,648.68 before declining by 2.6%. The chart also marked Fibonacci retracement levels as key price zones. Ethereum briefly surpassed the 1.272 Fibonacci extension level at $2,746.63 before retreating. A bearish candle now sits just above the 0.786 retracement level at $2,403.81, suggesting that the recent high may act as a resistance area. The TD Sequential “9” combination and rejection from Fibonacci extension levels may indicate that the bullish trend is weakening. Strong resistance in this price range could impact Ethereum’s ability to sustain its recent momentum. Price Movement Stalls After Brief Rebound As of press time, Ethereum was trading at $2,509.12, reflecting a 1.15% increase over the past 24 hours, according to CoinMarketCap. The asset fluctuated between an intraday low of $2,449.07 and a high of $2,527.41. The modest gain followed a relatively flat session overnight, with price action consolidating around $2,482. Source: CoinMarketCap During the mid-morning session, ETH saw a pickup in buying activity that pushed the price above the $2,500 level. However, red trading…
The post Ethereum Faces Potential Pullback As Technical Signal Emerges appeared on BitcoinEthereumNews.com.
TD Sequential signals possible trend exhaustion near $2,500 after recent ETH rally Resistance seen near $2,530 with support holding at $2,500 amid flat volume ETH remains 48.68% below ATH despite rebound from sub-$1,800 levels earlier this month Ethereum’s recent upward momentum may be losing strength, with technical indicators suggesting a possible short-term correction. A sell signal triggered by the TD Sequential indicator on the 3-day chart has drawn attention from analysts, as ETH trades just above a key support level following a brief rally. Analyst @ali_charts shared a May 17, 2025, chart showing a completed “9” count on the TD Sequential indicator. This signal is typically associated with trend exhaustion and may indicate a local top. The warning comes after Ethereum rose earlier this month, climbing from under $1,800 to a recent high of $2,648.68 before declining by 2.6%. The chart also marked Fibonacci retracement levels as key price zones. Ethereum briefly surpassed the 1.272 Fibonacci extension level at $2,746.63 before retreating. A bearish candle now sits just above the 0.786 retracement level at $2,403.81, suggesting that the recent high may act as a resistance area. The TD Sequential “9” combination and rejection from Fibonacci extension levels may indicate that the bullish trend is weakening. Strong resistance in this price range could impact Ethereum’s ability to sustain its recent momentum. Price Movement Stalls After Brief Rebound As of press time, Ethereum was trading at $2,509.12, reflecting a 1.15% increase over the past 24 hours, according to CoinMarketCap. The asset fluctuated between an intraday low of $2,449.07 and a high of $2,527.41. The modest gain followed a relatively flat session overnight, with price action consolidating around $2,482. Source: CoinMarketCap During the mid-morning session, ETH saw a pickup in buying activity that pushed the price above the $2,500 level. However, red trading…
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