Ethereum (ETH) is navigating a pivotal zone, with conflicting signals suggesting potential short-term corrections or sustained rallies. Analysts are closely observing technical and on-chain indicators to understand the asset’s trajectory. The TD Sequential indicator recently flashed a sell signal on the 3-day chart after Ethereum surged toward $2,600, hinting at possible momentum fading. However, key support at around $2,400 is indicated by on-chain data from SentoraHQ, with millions of ETH held in this zone. This suggests strong demand at this level. On the other hand, crypto analyst Ash sees Ethereum’s current price action aligning with a V-shaped recovery reminiscent of 2020–2021 cycle.