Analyst Maps Rebound Targets for Ethereum, Solana, and Cardano After Steep Declines
Key Takeaways
- •Ethereum declined 22.64% to $2,171, but a TD Sequential buy signal on its three-day chart suggests the correction may be nearing an end, with $2,500 as the initial rebound level and $2,700 in focus beyond that.
- •Solana dropped 27.31% to $90.78, and its still-forming TD Sequential buy setup could target $105 and then $120 if the $90 support holds.
- •Cardano suffered the steepest fall at 35.41% to $0.1823, yet a completed 9 and Sequential 13 buy signal places $0.2268 as the first level to watch, followed by $0.2677.
- •TOTAL3 added 1.45% to reach $744.47 billion on November 4, 2026, after altcoin capitalization shed roughly $100 billion from early October through a sell-off around October 29.
- •Momentum is showing early improvement, with the RSI recovering to 48.86 and the MACD histogram turning positive at $579.7 million, although both indicators remain below their neutral or zero thresholds.
Ethereum, Solana, and Cardano have each logged steep losses, but three-day charts across the three major altcoins are showing potential buy signals, according to analyst Ali Charts, who has outlined recovery targets for a possible rebound. The analysis was shared via X (Twitter), with chart data published on TradingView. It comes as TOTAL3, a measure of the crypto market excluding Bitcoin and Ethereum, gained 1.45% on November 4, 2026.
Ethereum
Ethereum dropped 22.64%, falling from $2,806 to $2,171. Despite the decline, the TD Sequential indicator — a timing tool developed by market technician Tom DeMark that traders use to flag potential exhaustion points in a price trend — flashed a buy signal on the three-day chart, and Ali Charts said the correction could be nearing its end. If buying pressure increases, ETH could rebound toward $2,500. A break above that level would put the resistance trendline near $2,700 in focus.
Solana
Solana fell 27.31%, from $124.89 to $90.78. Its three-day chart is forming a TD Sequential buy signal, though the setup still needs to complete, with $90 holding as support. If those conditions are met, Ali Charts sees $105 as the first target, followed by the resistance trendline near $120.
Cardano
Cardano recorded the steepest drop of the three, falling 35.41% from $0.2822 to $0.1823. However, its three-day chart displayed a fresh 9 and a Sequential 13 buy signal — counts that, per the indicator's methodology, represent a completed setup and a completed countdown. Ali Charts is watching $0.2268 as the initial level if buyers return, with a break above it putting the resistance trendline near $0.2677 in focus.
TOTAL3 Shows Early Recovery Across Market
TOTAL3 stood at $744.47 billion after adding $10.65 billion, or 1.45%, on the four-hour candle. Volume reached $312.95 billion as total capitalization consolidated between $740 billion and $750 billion.
The broader trend remains bearish. TOTAL3 has declined from $845 billion in early October, slipping below $820 billion around October 7 before losing the $800 billion and $780 billion levels. A sell-off around October 29 then pushed capitalization toward $750 billion — a drawdown of roughly $100 billion in altcoin capitalization over the month.
RSI and MACD Show Improving Momentum
Momentum readings point to early improvement. The Relative Strength Index (RSI), a momentum oscillator scaled from 0 to 100, recovered to 48.86, above its average of 38.89 but still below the neutral 50 level. The MACD line, which tracks the gap between moving averages to gauge trend momentum, stood at negative $3.76 billion, above the signal line at negative $4.34 billion, while the histogram turned positive at $579.7 million — although both lines remain below zero.
Immediate support sits between $740 billion and $750 billion, with resistance at $760 billion and $780 billion. A break above $780 billion could open the way toward $800 billion, while losing $740 billion could expose $720 billion. These levels act as the near-term checkpoints for whether the early momentum improvement extends.
