On November 1st, cryptocurrency analyst Ali pointed out in an article that the TDSequential indicator on the 4-hour chart of Ethereum has shown a buy signal, suggesting a possible rebound. The analyst emphasized that in order to maintain this bullish trend, the ETH price needs to hold the support level of $2480.

Note: TD Sequential is a technical analysis tool that predicts market trend reversal points by calculating the continuity of price changes, and is used to identify potential buying and selling opportunities.