On November 1, cryptocurrency analyst Ali pointed out that the TD Sequential indicator on the Ethereum 4-hour chart has shown a buy signal, suggesting a possible rebound. Analysts emphasized that to maintain this bullish pattern, the ETH price needs to hold the support level of $2,480.
Note: TD Sequential is a technical analysis tool that predicts turning points in market trends by calculating the continuity of price changes, and is used to identify potential buying and selling opportunities.