After Ethereum (ETH) once again failed to break the $2,000 level in the 1-day chart, the price has been on a downward slide in recent days. However, this could now change, as a historically accurate trend indicator shows.

Crypto traders and analysts constantly seek reliable indicators to navigate the turbulent market. One such indicator gaining attention is the Tom Demark 9 (TD9), which has flashed a buy signal for Ethereum (ETH) on the daily chart. Renowned analyst Joe McCann shared his insights via Twitter, revealing an intriguing success rate of 78% for ETH’s historical TD9 buy signals.

Ethereum (ETH) Buy Signal

Joe McCann’s tweet brought the spotlight on ETHUSD’s TD9 buy signal, which occurred after the asset dropped 8.7% from its recent high. The TD9 indicator, an indicator that …