- Ethereum forms TD Sequential Setup 9, historically signaling bullish trend reversals.
- Whale opens $12.6M ETH long position with 5x leverage, boosting bullish sentiment.
- ETH trades at $1,639.91, forming a symmetrical triangle with breakout potential.
The cryptocurrency Ethereum appears poised for major recovery with the presence of a strong buy signal and increased whale activity. The charts indicate a reversal trend following Ethereum’s poorest quarter in five years. The token moved from its monthly low of $1,400 to a current trading level of $1,639.91 which shows a steady yet guarded recovery.
TD Sequential Buy Signal Fuel Ethereum Rally Hopes
According to the crypto analyst Ali Martinez’s X post, the TD sequential indicator is presenting Setup 9, i.e., an indicator of trend reversal. The “9” is historically proven to mark the end of the bearish trend and present buying opportunities. Moreover, the smaller body size of the candle suggests weakening selling pressure and traders opting to buy.
Besides, no major resistance near the chart exists, so a smooth uptrend can form unless any major macroeconomic event interferes. Market participants are keeping a close watch on Ethereum’s price movements to confirm if it will move upward as indicated by this specific pattern.
A substantial Ethereum whale has entered a leveraged long position which adds to the anticipation of a possible rally after the technical signal was observed. The $12.6 million position with 5x leverage support has intensified the expanding bullish sentiment. The latest activity shows institutional investors are likely preparing to take advantage of an upcoming significant price recovery.
Technical Structure Hints at Breakout Possibilities
The price of Ethereum is shaping a symmetrical triangle which usually indicates an upcoming substantial price movement. A combination of Ethereum’s restricted trading range and decreased selling pressure has resulted in traders developing cautious optimism. Recent candlesticks show reduced body size which suggests a shift in market dynamics.
A price rally to $1,900 becomes probable if Ethereum succeeds in surpassing the triangle’s upper limit. Should upward momentum falter, the price is likely to drop back down to $1,380. The chart’s absence of immediate resistance supports short-term upward breakout prospects despite dual market possibilities.
With a 3% recovery over the week, Ethereum currently trades at $1,639.91 with a market capitalization of $197.88B. Although the recovery is slow, the token moves in a symmetrical triangle formation, simultaneously opening the possibility of an uptrend or a downtrend. Macroeconomic uncertainties together with recent tariff news have kept the market under pressure while impacting investor sentiment.
Investor Activity Signals Strengthening Bullish Bias
The recent low in Ethereum’s performance against Bitcoin reveals the critical need for a market reversal. Investor actions demonstrate increasing trust in the asset’s immediate future prospects. Market observers view the whale’s long position alongside the appearance of a TD Sequential buy signal as initial indicators of an emerging trend shift.
Market analysts assert Ethereum maintains robust fundamentals while the broader cryptocurrency sector deals with market challenges. The current price area shows minimal resistance which might provide Ethereum with the necessary momentum to achieve a breakout.
Ethereum seems to have an unobstructed route to continue its recovery if no additional macroeconomic disruptions occur.
