Ethereum has recently faced significant selling pressure, with its value plummeting from $2,300 to $1,600. This decline comes as the TD Sequential indicator on the three-day chart issues a “9” buy signal, suggesting that the downward trend could be faltering. Ethereum has consistently been trending lower amidst a bearish market atmosphere. This approximately 30% drop has overshadowed the cryptocurrency landscape, bringing negativity among traders. However, the new technical signal brings a glimmer of hope for a short-term price recovery.