Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?

tldr; Ethereum is facing a sell signal on the Tom Demark (TD) Sequential indicator while retesting a key resistance level within a Descending Channel pattern. Analyst Ali Martinez notes that Ethereum has attempted to break this resistance three times in the past two months. The TD Sequential signal suggests the bullish trend may be weakening, potentially leading to a price drop to $4,100 or $3,780 if the resistance holds. Ethereum is currently trading at $4,730, up 13% over the past week.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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