Ethereum Price Stabilizes as Rebound Signal Emerges On 3-Day Chart

Ethereum’s price has stabilized above $3,400, indicating the possibility of a significant rebound. Analyst Ali Martinez predicts a surge based on the TD Sequential indicator’s buy signal on the 3-day chart. This suggests a bullish turnaround for Ethereum, with the potential for a one to four candlestick upward movement. Previously, Ethereum attempted to rally but failed to sustain bullish momentum, falling below $3,550. However, similar to Bitcoin, Ethereum is now showing signs of a breakout that could push its price above $4,100. Technical indicators such as the falling wedge pattern, RSI, and MACD also support a bullish outlook. Bulls are aiming for the $4,100 level, with hopes of reaching Ethereum’s all-time high of $4,880. Traders should monitor these levels closely for potential changes in market sentiment and price movements.