Ethereum Generates a Rare Double Buy Signal
Ethereum has surprised traders with a rare technical setup that could indicate an incoming rebound. After a sharp pullback to around $4,437, ETH’s hourly chart produced two consecutive TD Sequential buy signals.
This back-to-back pattern typically signals oversold conditions and hints at a potential short-term price recovery. Analysts are now watching closely to see if Ethereum can sustain this momentum and reverse the recent downtrend.
Technical Formation Indicates Seller Exhaustion
Market analyst Ali highlighted the formation as ETH reached critical support levels, suggesting selling pressure may be easing. The TD Sequential 9 and S13 triggers emerged during an intense decline, often seen before relief rallies.
This setup historically appears near local bottoms, providing traders with early entry signals. Ethereum’s ability to respond positively here could shape the market direction in the coming sessions.
Critical Support at $4,420 Faces Key Test
Ethereum’s price action shows clear signs of buyers stepping in at $4,420 after a steep drop from the $4,470 range. Large red candles defined the recent move down, but the defense of this zone prevented a deeper fall.
Maintaining support here is essential to validate the double buy signal’s potential bullish impact. A decisive hold could transform short-term sentiment and encourage renewed buying interest.
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Near-Term Resistance Targets Identified
If momentum shifts upward, Ethereum could first target resistance between $4,500 and $4,520. This range represents the initial hurdle for bulls attempting to build recovery momentum.
Beyond that, stronger resistance awaits near $4,550, a level that could determine whether this rebound evolves into a sustained rally. Traders are likely to react strongly as ETH approaches these levels in the coming days.
Market Sentiment Aligns With Technical Setup
Broader market conditions are amplifying the significance of this signal. After weeks of pullbacks across major cryptocurrencies, traders are watching for early signs of reversal.
The double TD Sequential pattern often appears when markets reach exhaustion points, providing ideal entry windows for strategic buyers. If confirmed, this signal could reignite bullish interest in Ethereum’s price action.
Fundamentals Provide Additional Support
Ethereum’s network remains strong despite recent volatility, with staking inflows and on-chain activity staying robust. These fundamentals provide a solid base that can sustain technical rebounds.
Institutional engagement and Layer-2 adoption continue to support long-term growth. This underlying strength could help Ethereum capitalize on short-term bullish signals and build momentum toward higher levels.
Next 48 Hours Will Be Crucial for ETH Direction
Ethereum must hold above $4,420 to validate the bullish case signaled by the double buy formation. A breakout above $4,550 could accelerate gains toward $4,650, marking a decisive shift in momentum.
Conversely, losing the $4,420 level might push ETH down toward $4,400 or even $4,350, where stronger demand zones exist. Traders are bracing for an eventful 24–48 hours that could define Ethereum’s near-term trajectory.
