Ali Martinez Flags TD Sequential Buy Signal on Ethereum (ETH) 3-Day Chart

TD Sequential Buy Setups on 3-Day Candles

Analyst Ali Martinez has flagged a TD Sequential buy signal on the 3-day chart of Ethereum (ETH), publishing the count in a November 4 post on X. The Ethereum price had slid to near $2,200 before the setup appeared, and Martinez recorded the same signal on Cardano (ADA), while a comparable formation was still developing on Solana (SOL). TD Sequential is a technical indicator designed to locate potential trend-exhaustion points in price flow. The 3-day candle folds three full sessions of trading into a single bar, so a signal there spans more than a week of market action and strips out intraday noise. On Ethereum's chart, Martinez identified a fresh '9' alongside a 'sequential 13' buy setup. In the indicator's counting, a '9' logs the ninth consecutive close against the prevailing trend, and a '13' completes the sequence that practitioners read as the selling impulse running short of sellers. A setup at this altitude also rests on few data points: the count needs nine qualifying bars to complete its first phase, each bar worth three days of trading, which is why practitioners treat it as a timing aid rather than a forecast. Neither print carries a promise: the tool marks where reversals have tended to begin, not where they must. The call lands at a moment when the altcoin market has been retracing a sharp, event-driven drawdown, and the 3-day framing matters for that reason. A bar on this timeframe represents three days of closes, so the count describes the structure of the downswing rather than a single session's bounce. Ethereum (ETH) is the sector's largest smart contract network, and its chart is widely read as a barometer for the broader market. Martinez attached no price target to the signal. He has also tracked the same setup on smaller names, and the reading on Ethereum is the largest of the charts he has covered this week.

After the $6.3 Billion Binance Hack

The drawdown that produced the setup had two triggers. Markets sold off hard after the $6.3 billion Binance hack, and volatility stayed elevated through the US midterm election window. ADA illustrates the depth of the move: after Democrats won Tuesday's vote, the token sank to about $0.18, its lowest level in 10 weeks. SOL touched roughly $90 before buyers returned, and ETH dipped to the $2,200 area at the same stage of the sell-off. All three lows arrived during the same compressed window, which is why Martinez worked from 3-day bars rather than daily ones. Over the past 24 hours, several altcoins have traced V-shaped recoveries, reclaiming a portion of the ground lost during the shock. Against that backdrop, Martinez extended his count beyond the three major charts: 3-day TD Sequential buy setups have also printed on SUI, AAVE and LINK, per his follow-up posts. The breadth of the count, from the sector's two largest assets to mid-caps, is what separates this reading from a single-chart call: the same exhaustion marker appearing across different names at the same stage of a sell-off is the pattern the indicator was built to isolate. The institutional tape adds a separate drag. Ethereum (ETH) spot ETF flows turned negative ahead of the signal: an $85.3 million daily outflow, led by BlackRock's ETHA, was recorded on November 3. The caution attached to the tool applies fully here: a buy signal on a 3-day candle guarantees neither a trade nor an advance, and none of the counts carried a price target. What the setups register is exhaustion of selling, a condition that has tended to appear near local turning points. The next test is mechanical: whether the recovery that began over the past 24 hours holds through one full 3-day bar, confirming the count with price rather than with the indicator alone.

What the Count Does and Does Not Say

For our desk, the reading is a timing marker, not a verdict. The count says the 3-day trend has stretched far enough to exhaust; it says nothing about the Ethereum network behind the chart, whose Layer 2 throughput and proof of stake participation a candle pattern cannot move. The driver of the drawdown was external as well, a hack and an election rather than a defect in the asset. If the count fails, the failure appears quickly as a lower close inside the current 3-day bar, and readers tracking levels can follow our Ethereum technical analysis page for the supports and resistances that frame the move. If it holds, the recovery already visible over the past 24 hours extends without needing a fresh catalyst.