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