Ethereum (ETH) demonstrates signs of updated force, gaining 14% over the past seven days. Despite the recent rally, Ethereum is trading below the $ 1900 mark from April 2, emphasizing the importance of upcoming resistance levels.
Can Ethereum restore higher lands or updated pressure on the sale will probably depend on its next movements around the main zones of support and resistance.
Ethereum Bbtrend Cools: What does it signal further
BBTREND EThereum is currently at 8.77, noting a noticeable decline from 11.83 two days ago.
Despite the fall, the indicator remained positive over the past three days, suggesting that Ethereum retained the main bull structure, even when the impulse is cooled.
This shift can signal the early stages of the potential phase of consolidation, during which the market takes a respite before deciding on the next large course.
BBTREND, or BOLLINGER BAND TREND, is a technical indicator that measures the strength of the trend, analyzing how the price behaves relative to the bands of Bollinger.
Когда значения BBtrend высоки и положительны, они обычно сигнализируют о сильном восходящем тренде; When they are negative, they indicate a descending trend. BBTREND EThereum, now at 8.77, indicates that, although the ascending trend is still present, its strength disappears.
Buyers who cannot confirm control can lead to an increase in volatility, potential rollbacks or lateral movement.
Ethereum Whales is stable: what does this mean at a price
The number of Ethereum whales is wallets containing from 1000 to 10,000 ETH currently is 5458.
This figure increased a little from 5442 on April 21 to 5457 years on April 23 and remained stable around this level over the past four days.
Recent stabilization implies a pause in accumulation or distribution activity among large holders, offering a potential signal that the market can wait for the catalyst before taking the next significant step.
Tracking Ethereum Whales is crucial because these large holders can have a huge impact on prices. When the number of whales increases, this often signals trust and potential accumulation, which can be optimistic in price.
Conversely, a decrease in the number of whales can offer pressure on the sale.
Since the number of Ethereum whales holding about 5458, this can mean a neutral position among large players, not to aggressively buy, nor sales-potential leads to a decrease in the volatility and price action associated with the range, until a clearer tendency appears.
The battle of Ethereum is about 1828 dollars: a breakthrough or a breakthrough?
The EMA EMA lines (exponential sliding average) are currently leveled in the bull plan, and the short-term EMA are located above the long-term-classical sign of the rising impulse.
Over the past few days, this tried to break through the resistance zone of about 1828 dollars, but to no avail. If Ethereum again checks this level and successfully breaks over it, the following growth goals will be resisted in the amount of $ 1,954, after which a potential transition to $ 2104.
A break above $ 2,000 would be significant, noting for the first time when ETH is traded above this psychological level from March 27.
Nevertheless, the price of Ethereum may return to check the support of $ 1749 if the bull impulse disappears and the trend changes. Loss of this level can set ETH for further reduction to $ 1689.
If the pressure on sale intensifies, deeper support levels of $ 1537 and even $ 1385 can enter the game.
