Ethereum price drops nearly 30 percent to 1600 dollars! What are the technical signals now pointing to?
Ethereum’s price has recently come under heavy selling pressure, falling from 2,300 dollars to the 1,600 dollar mark. Following this steep decline, the TD Sequential indicator on the three-day chart has flashed a “9” buy signal. This technical pattern hints that the downward momentum may be showing signs of exhaustion at current levels.