Ethereum

Resistance

Million

Flash

Shiba Inu

<p>Ethereum’s native token, ETH, faces a pivotal moment this week, with technical indicators pointing to potential weakness ahead even as the second-largest cryptocurrency tests a major upside barrier.</p>
<p>According to noted crypto trader <a href="https://twitter.com/ali_charts/status/1724680341732889011" target="_blank" rel="noopener noreferrer nofollow">Ali</a>, the TD Sequential indicator has presented a sell signal on Ethereum’s 3-day chart. This momentum gauge’s bearish reading comes just as ETH pushes against resistance between $2,000 and $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-381-1024x571.png" alt="" class="wp-image-377975" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-1024x571.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-300x167.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-768x428.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-1536x856.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-2048x1141.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-269x150.png 269w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-628x350.png 628w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381-788x439.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-381.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>This area aligns closely with the horizontal x-axis of an ascending triangle pattern that has developed over recent weeks. Ascending triangle patterns are often considered continuation signals, pointing to a potential bullish breakout but also carrying the risk of a downside breakdown.</p>
<p>If Ethereum is rejected at current resistance levels, a pullback toward the lower uptrend line of the triangle pattern becomes likely. This would imply a dip for ETH back toward the $1,700 zone. From there, Ethereum could regroup and prepare for an eventual triangle breakout and continuation of the broader uptrend.</p>
<p>However, a decisive three-day close for ETH above the crucial $2,150 threshold would invalidate the short-term bearish outlook. Such a move could confirm the ascending triangle as a launching pad for further gains.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/how-this-smart-ethereum-whale-earned-over-14-million-in-eth-without-always-buying-low-and-selling-high/" target="_blank" rel="noopener noreferrer nofollow">How This Smart Ethereum Whale Earned Over $14 Million in ETH Without Always Buying Low and Selling High</a></li>
 <li><a href="https://captainaltcoin.com/cardanos-ada-chart-couldnt-look-any-better-as-indicators-flash-bullish-analyst-updates-xrp-outlook/" target="_blank" rel="noopener noreferrer nofollow">Cardano’s ADA Chart “Couldn’t Look Any Better” As Indicators Flash Bullish – Analyst Updates XRP Outlook</a></li>
 <li><a href="https://captainaltcoin.com/have-shiba-inu-and-dogecoin-met-their-match-in-this-memecoin/" target="_blank" rel="noopener noreferrer nofollow">Have Shiba Inu and Dogecoin Met Their Match in This Memecoin?</a></li>
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<p>For now, traders appear to be exercising caution around current prices. Ethereum shows a technical tilt favoring the bears, but its next moves could prove make-or-break for its trend status over the medium term. The week ahead will reveal important clues, with the $2,000–$2,150 zone standing as the critical battleground to watch.</p>
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<p>The post <a href="https://captainaltcoin.com/ethereum-flashes-sell-signal-on-this-chart-analyst-pinpoints-resistance-that-could-cause-eth-price-drop/" rel="noopener noreferrer nofollow">Ethereum Flashes Sell Signal on This Chart; Analyst Pinpoints Resistance That Could Cause ETH Price Drop</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum Flashes Sell Signal on This Chart; Analyst Pinpoints Resistance That Could Cause ETH Price Drop

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