- Popular trader and analyst Ali revealed that TD Sequential is presenting a sell signal on ETH’s 3-day chart.
- In the post, the analyst predicted that ETH could drop to $1,700 if it is rejected by the resistance zone between $2,000 and $2,150.
- At press time, ETH was trading hands at $1,982.04 following a 3.77% drop in the past 24 hours.
Renowned cryptocurrency trader and analyst Ali revealed in an X post today that a sell signal has been triggered on the 3-day chart for Ethereum (ETH). In the post, the analyst noted that the TD Sequential indicator flagged a sell signal for the leading altcoin.
#Ethereum | TD Sequential is flagging a sell signal on the $ETH 3-day chart! This comes as #ETH tests a major resistance zone between $2,000 and $2,150, aligning with the x-axis of an ascending triangle pattern.A pullback from this resistance level could lead to a dip toward… pic.twitter.com/oKGCT6tVrj
— Ali (@ali_charts) November 15, 2023
This comes as ETH tests a major resistance zone between $2,000 and $2,150. Ali mentioned that this zone also aligns with the x-axis of an ascending triangle pattern present on ETH’s 3-day chart.
Should the cryptocurrency p…
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