Ethereum Hits Resistance as TD Sequential Sounds Bearish Alarm
Ethereum (ETH) has triggered a technical sell signal after a 30% price increase, leaving investors uncertain about its future direction. The TD Sequential indicator, which had previously correctly predicted the prior rebound from $1,500 to nearly $2,000, is now warning of a possible bearish reversal.
The sell signal was triggered when Ethereum hit a peak around $1,980 and is currently trading near $1,900. This has prompted some traders to lock in their profits, fearing a sharp correction. However, others see this as a buying opportunity before a new surge.
A more significant factor that could impact Ethereum's price is the upcoming CLARITY Act vote on August 3, 2026. The legislation aims to provide essential regulatory clarity for the crypto industry and attract institutional investors. A positive adoption could invalidate bearish signals and propel ETH towards new highs.