ETHEREUM (ETH) enters an important week, with technical signals, series data, and a major upgrade, all of which converge. The PECTRA, which was appointed on May 7, aims to improve deception and wallet functions, but it is likely that the volatility is in the short term during operation.
Meanwhile, BBTRand sits from ETH at 1.22, indicating early upward momentum, although it was not strong enough to confirm the collapse. At the same time, the whale activity remains near 5,463 titles, and the price continues to trade in a narrow range ranging between $ 1828 and $ 1749 – the stage determination to achieve a possible interruption or collapse.
Ethereum Pectra upgrade on May 7: What do you expect
The highly upcoming Pectra upgrade was set from ETHEREUM on May 7, where 11 new proposals were made to improve ETHEREUM (EIPS). EIP-7251 stands out to raise the continuous maximum from 32 ETH to 2048 ETH, with the aim of simplifying the audit operations and increasing the efficiency of the evaluation.
The upgrade also includes wallet improvements focusing on user experience, such as the easiest recovery and transactions without gas, which may pay a broader DAPP accreditation. Although this may increase the demand for long -term, the stock exchanges may temporarily stop ETH operations during publication, causing short -term fluctuation.
Although the upgrade promises significant improvements, it has already faced multiple delays due to expanded tests on networks such as Hudi and We and Bulia. Smooth operation may increase confidence and price, but any technical problems may lead to negative reactions in the market.
ETH signal at 1.22: Early Guidance or Just noise?
Ethereum BBTREND index is at 1.22, indicating a moderate bias. Over the past day, BBTRand reached a height of 2.23, indicating a stronger momentum before declining slightly.
Although the current reading has been cooled, it remains positive, indicating that the upward trend has not yet been nullified. Traders monitor whether BBTrend can rise again to confirm renewable strength or if the momentum continues to fade.
BBTREND is an indication based on fluctuations designed to discover the strength and trend of price trends. The above readings usually suggest a bullish direction, while the readings below indicate -1.00 indicate a declining direction.
The values between -1.00 and 1.00 are neutral or indisputable, indicating a side movement or weak condemnation in either direction. The more Bbtrend moved beyond scratch, the stronger the direction, which makes values like 2.23 notes to confirm the direction.
With the presence of the ETH BBTREND at 1.22, the indicator is hinting to a weak but positive direction – ETHEREM may enter the early stages of the upper direction.
However, it is not a strong outbringing level, which means that the price may still be reflected if the pressure pressure increases or the momentum fades.
Payment is likely to confirm over 2.00 sustainable bullish momentum, while a 1.00 decrease may indicate a return to monotheism or even a shift to vibrant conditions.
In addition to the broader image, the number of Ethereum whales – destroyed between 1000 and 10,000 ETH – is 5,463.
This number has fluctuated in recent weeks, and is struggling to break a decisive higher. Pisces activity is a decisive signal to the series, as their adult holders often affect price movements through accumulation or distribution. The number of fixed or increasing whale usually indicates confidence and long -term accumulation, which may support the price of ETH in the coming weeks.
On the contrary, it may reflect continuous procrastination or a decrease in the numbers of whales frequency among large investors, which limits the bullish momentum.
ETH was hung in a domain while merchants await collapse or collapse
PRICE ETAREUM has been trading between $ 1828 and a $ 1,749 resistance since April 21. The range lasted for more than two weeks, indicating the decline in the market.
EMA lines are still difficult, with short -term averages are still higher than long -term long lines. However, they started rapprochement, and the death cross could be formed soon.
If the support operations of $ 17,749, the ETH may drop to $ 1,689. If the declining trend is condensed, it becomes targets like $ 1538 and 1,385 dollars relevant.
In the upward trend, if you break ETH 1873 dollars, it may gather to 1954 dollars, perhaps $ 2,104, and recover the level of $ 2000 for the first time since March 27.
Disintegration
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