What to Know
- Ethereum printed a Tom DeMark Sequential buy signal while holding above the critical $1,750 support level, keeping recovery hopes alive toward $1,800.
- Previous TD Sequential signals triggered a rebound from $1,755 to nearly $1,790, making traders watch the current setup closely again.
- Losing the $1,750 support would invalidate the bullish outlook and indicate sellers have regained control of Ethereum’s short-term price trend.
Ethereum has flashed a bullish technical signal that places the $1,750 price level at the center of traders’ attention. Crypto analyst Ali Charts revealed that the leading altcoin has printed a Tom DeMark Sequential buy signal on the one-hour chart, suggesting a rebound toward $1,800 remains possible if support holds. The analyst noted that Ethereum must remain above $1,750 to keep the bullish setup intact. A decisive break below that level would invalidate the signal and strengthen the bearish outlook.
Ethereum traded around $1,763 when the signal appeared, reflecting continued selling pressure from the recent rejection near $1,790. The TD Sequential indicator suggests the latest decline may be approaching exhaustion, increasing the possibility of a short-term recovery if buyers defend the current support zone. Market participants are now monitoring the support area closely. A successful defense could encourage renewed buying interest and improve Ethereum’s short-term market structure.
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TD Sequential Points to Possible Recovery
The one-hour chart shows Ethereum retreating from resistance around $1,790 after buyers failed to extend the previous rally. Consequently, sellers regained control and pushed the asset toward a familiar support zone. The completed TD Sequential count of nine often signals that a selling trend may be nearing exhaustion. Although the indicator does not guarantee a reversal, traders frequently use it to identify areas where buying momentum could return.
Notably, Ethereum displayed a similar buy signal earlier on the same chart. At that time, the asset rebounded from roughly $1,755 and climbed back toward the $1,790 region before encountering renewed selling pressure. Besides the technical signal, the $1,750 level has gained importance because it coincides with a previous swing low. Buyers previously defended that area, making it a critical support level once again. If Ethereum maintains support, traders could look for an initial move toward $1,775 before challenging resistance near $1,790. Moreover, reclaiming those levels would strengthen the case for a recovery toward the psychological $1,800 mark.
Conclusion
Ethereum’s latest one-hour chart has placed $1,750 at the center of its short-term outlook. Holding above that support keeps the path toward $1,800 open, while a decisive breakdown would cancel the bullish setup and shift momentum back in favor of sellers.
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