BBTrend indicator for Ethereum has turned bullish, surging to 4.99 from -3, suggesting a potential reversal in momentum.
Whale activity in Ethereum has declined for the seventh consecutive day, with the number dropping to 5,378, indicating weakening institutional interest.
Ethereum faces conflicting signals as it trades between $2,900 resistance and $2,679 support levels.
The BBTrend indicator signals strong bullish momentum, hinting at a possible shift in market sentiment towards positive action.
Whale behavior remains a concern, with large holders reducing positions or refraining from accumulation, potentially impacting Ethereum's price direction.
The current number of Ethereum whales with 1,000–10,000 ETH stands at 5,378, indicating a decline over recent days and a potential loss of faith among high-net-worth investors.
Ethereum's position near the $2,679 support level is crucial, with potential downside targets at $2,479 and $2,326 if bearish momentum intensifies.