ETHEREUM (ETH) displays mixed signals as it hovers near a critical technical area, where traders closely monitor the collapse or collapse. On the one hand, Bbtrend turned sharply, jumping to 4.99 after reaching -3 just one day before -where the bullish momentum was growing.
On the other hand, whale activity continues to decrease on the seventh day in a row, which is a possible mark to weaken institutional confidence. With ETH between strong resistance at $ 2900 and the main support at $ 2,679, the next step can determine the direction of the market in the short term.
Ethereum bbtrend up the climb: What does 4.99 mean to make prices
BBTRand from Ethereum has risen to 4.99, as it has risen sharply in the past few hours after it reached a negative peak -3 only yesterday.
This sudden transformation of momentum indicates a possible reflection of the decline to the upward conditions, as the strength of the trend has turned into positive and is now approaching the upper threshold that usually indicates the hack scenario.
It measures BBTREND, or Bollinger Band Trend, the directional force of the price of the price for Bollegerer. The above values indicate 0 to ascending the momentum, while the values below indicate 0 to decline.
Reading is about 4.99 indicates a strong upward momentum. If this trend continues or enhances, it may indicate more bullish direction because traders explain this step as a transformation in market morale and positioning.
Decrease in the number of whale whale for 7 consecutive days: Haboodi signal forward?
The number of whales from Ethereum – governorates that carry between 1000 and 10,000 ETH – steadily decreased to 5,378, decreased from 5427 only ten days ago and 5,400 three days ago.
This is seven consecutive days of decline, which may reflect cautious behavior among adult holders, although Ethereum Futures Open Litct Litting with All-Time.
These whales often measure the feelings of institutional or high -value investors, and the sustainable discounts in their numbers indicate either profits, reduce risks, or low confidence in price procedures close to the range.
Tracking whale activity is extremely important because these large addresses have the ability to influence market trends through their trading. When the number of the whale increases, it is often interpreted as accumulation, which can indicate a strong conviction in the growth of future prices.
On the contrary, the fixed decline – like what we see now – harmonize that their main holders may empty positions or refrain from buying.
This behavior can weaken price subsidies and lead to increased volatility. If the declining direction continues in the number of the whale, this may lead to the declining pressure on the ETH and increases the risk of the wider decline in the market.
Ethereum is close to decisive support and keeps resisting 2900 dollars
ETHEREUM recently failed to penetrate the resistance near $ 2900, and is now heading, as it approaches the main support level at $ 2,679. If this support is tested and failed to keep it, then the next negative goals are $ 2,479 and perhaps $ 2,326, especially if the declining momentum is accelerating.
These levels are crucial, as the sure collapse below it to a shift in the market structure in the short term and can lead to more pressure on the sale.
As whale and morale activity is low in cautious market, ETHEREUM is now at a technical crossroads.
On the other hand, the BBTREND index showed a strong bullish reflection, indicating that the purchase pressure may be constructed. If Ethereum regains the momentum and successfully re -tested it and breaks the resistance of 2900 dollars, it can open the door to a march of about 3000 dollars – an unprecedented level since February 1.
Such a move is likely to enhance the upcoming feelings and attract renewed interests from neglected merchants.
However, in order to play this scenario, Bulls must first restore the lost land and turn 2900 dollars to a strong support zone.
Disintegration
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