- TD Sequential signals a potential ETH rebound as price holds near the key $2,550 support zone.
- ETH remains in a bullish ascending channel; support at $2,400–$2,450 critical for next move.
- Ethereum leads with 54% TVL dominance as L2s process 15x more transactions than mainnet.
Ethereum (ETH) is maintaining stability above the $2,550 level, trading at $2,534.66 at the time of writing. Technical signals now suggest that a potential rebound toward $2,650 may follow, supported by the TD Sequential indicator flashing a buy signal on the 4-hour chart.
Ethereum Trades Near Key Channel Support
According to analysis prepared by AlphaCryptoSign, ETH has remained within a defined ascending channel on the 4-hour chart. The structure features higher highs and higher lows, forming a clean bullish range. However, ETH recently dropped below the 50 EMA and 100 SMA, signaling short-term weakness in price momentum.
Support is currently holding between $2,400 and $2,450. If Ethereum continues to respect this zone, a move toward the upper trendline between $2,700 and $2,800 remains possible. AlphaCryptoSign also mentioned that a decisive close below the support region could open the way to $2,300 or lower levels such as $2,100.
On-chain data reflects a drop in trading volume by 1.81% in the past 24 hours, suggesting short-term hesitation among traders. Yet, ETH has outperformed the broader market over the past 30 days, reducing downside risks.
Buy Signal Aligns with Market Support
The TD Sequential indicator on the 4-hour chart has issued a buy signal, according to a market update shared by Ali Charts. This tool often identifies trend reversals or continuation zones based on price sequence setups.
The signal adds to expectations of a short-term bounce above $2,550. Data from CoinMarketCap shows ETH is down 3.25% in the last 24 hours, while still showing strength in total value locked.
Ethereum continues to lead the TVL market with over 54% dominance, supported by rising activity across layer-2 networks. According to L2Beat, layer-2s are now processing over 15 times more transactions than Ethereum’s mainnet.
