Crypto market analyst known as @alicharts has suggested that Ethereum may be approaching a long-term support zone that could define its macro price structure, while also pointing to technical indicators that he believes signal a broader market bottom across major digital assets.
In a post shared on social media, the analyst argued that Ethereum has historically respected a long-term support region around the $1,100 level since 2021, describing it as a “bottom boundary” of a multi-year price channel. According to the analysis, repeated tests of this level in past cycles have coincided with strong buying activity, which he interprets as potential accumulation zones for long-term investors.
The post also outlines a projected upside structure if Ethereum were to hold this support area, suggesting an initial resistance zone near $3,000 and a longer-term range extension toward $5,000. These levels are derived from historical price structure analysis rather than confirmed market targets and should be interpreted as scenario-based projections rather than forecasts.
Alongside Ethereum-specific commentary, the analyst also highlighted a broader market setup, claiming that monthly charts for Bitcoin, Ethereum, XRP, and Solana are showing buy signals based on the TD Sequential indicator. This technical tool, developed to identify potential trend exhaustion, is widely used among traders but does not guarantee directional reversals and is subject to false signals, particularly during strong macro trends.
Technical Indicators Suggest Possible Trend Exhaustion, but Confirmation Is Unclear
The TD Sequential indicator has historically been used by traders to identify potential market turning points by tracking price exhaustion across consecutive candles. However, its effectiveness depends heavily on market conditions, and analysts often caution that it should not be used in isolation to determine market direction.
The claim that simultaneous monthly buy signals across multiple major cryptocurrencies indicates a confirmed market bottom reflects a common technical interpretation, but it remains speculative. Market bottoms in crypto have historically been influenced by broader macroeconomic conditions, including liquidity cycles, interest rates, regulatory developments, and institutional participation rather than technical indicators alone.
Related: Ethereum Price Analysis: Can ETH Hold $1,583 or Fall Toward $1,200?
Ethereum’s long-term price structure has been shaped by several macro cycles, including the 2018–2020 accumulation period, the 2021 bull market peak, and subsequent corrections driven by tightening global liquidity. More recently, Ethereum’s market dynamics have increasingly been influenced by staking mechanisms, Layer-2 adoption, and institutional interest through regulated financial products.
While technical analysis remains a widely used tool among traders, experts generally emphasize that no single indicator or price level can reliably define market tops or bottoms in isolation. As a result, claims of a definitive “market bottom” should be treated as speculative interpretations rather than established conclusions.
For now, Ethereum continues to trade within a broader macro environment where sentiment, liquidity conditions, and institutional flows are likely to play a more decisive role than any single technical formation.
