Ethereum

Resistance

<p><strong>The TD Sequential indicator is currently flagging a potential sell signal on ETH’s 3-day chart as the asset tests stiff resistance between $2,000 and $2,150, according to popular crypto analyst Ali on X (Twitter). </strong></p> 
<p>This resistance zone aligns with the x-axis of an ascending triangle pattern that Ethereum has formed on higher timeframes. Ascending triangle patterns are typically continuation patterns, suggesting the previous uptrend could resume after a consolidation breakout above the pattern’s horizontal resistance.</p> 
<p>However, Ali <a href="https://x.com/ali_charts/status/1724680341732889011?s=20" target="_blank" rel="nofollow">cautions</a> that a rejection here could lead ETH to drop back toward the triangle’s hypotenuse, currently around $1,700. This would provide an opportunity for additional consolidation and a springboard for an eventual breakout above $2,150.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="571" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-1024x571.png" alt="" class="wp-image-377052" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-1024x571.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-300x167.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-766x427.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-1536x856.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-2048x1141.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-269x150.png 269w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-628x350.png 628w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-348-788x439.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>At the time of writing on Wednesday, November 15, Ethereum is trading around $1,983, down 4% over the last 24 hours. The recent pullback comes as ETH tested but failed to break above the key $2,150 level.</p> 
<p>The relative strength index (RSI) on Ethereum’s daily chart is currently reading around 60. An RSI above 50 signals bullish momentum, but below 70 indicates the asset is not yet overbought. This leaves room for ETH to continue higher if it can close decisively above the $2,150 resistance.</p> 
<p>In summary, Ethereum faces a potential bearish signal according to the TD Sequential indicator. However, a sustained 3-day close above $2,150 could invalidate the sell setup and open the doors for continued upside. Key levels to watch will be the triangle resistance at $2,150 and support around $1,700.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/this-ethereum-indicator-flashes-a-sell-signal-as-eth-fails-to-pass-crucial-resistance/">This Ethereum Indicator Flashes a ‘Sell’ Signal as ETH Fails to Pass Crucial Resistance</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This Ethereum Indicator Flashes a ‘Sell’ Signal as ETH Fails to Pass Crucial Resistance

Table of Contents

CaptainAltcoin

Other articles published on Nov 15, 2023

Osmosis for Applications: Cross-Chain Swaps as a Service

Global Leaders Gather at APEC Summit in San Francisco to Discuss Economy and Digital Assets

Kazakhstan Successfully Pilots Digital Tenge for Retail Transactions

VersiFi hires ex-Genesis exec and secures $10m to revamp crypto lending

US Politicians Join the Anti-Crypto Bandwagon

Unraveling the Surge: Solana’s Price Rally Unpacked for the Week

Join our free newsletter for daily crypto updates!