Ethereum (ETH) has shown renewed signs of force, winning 14% in the last seven days. Despite the recent rally, Ethereum has been negotiated below the $ 1,900 mark since April 2, highlighting the importance of the key resistance to coming.
That Ethereum can recover higher land or information on renewed sales pressure will probably depend on its next movements around the main areas of support and resistance.
Bbtrend d’Ethereum cools: what he then signals
Bbtrend d’Ethereum is currently 8.77, marking a significant drop from 11.83 two days ago.
Despite the drop, the indicator has remained positive in the last three days, which suggests that Ethereum has maintained an underlying upper structure even if the momentum cools.
This change could point out the first stages of a potential consolidation phase, during which the market takes a break before deciding on its next major movement.
Bbtrend, or Bollinger Band Trend, is a technical indicator that measures the strength of a trend by analyzing how the price behaves in relation to the Bollinger bands.
When BBTREND values are high and positive, they generally signal a strong upward trend; When negative, they indicate a downward trend. Bbtrend d’Ethereum, now at 8.77, indicates that if the upward trend is still present, its strength fades.
Buyers who do not reaffirm control could cause increased volatility, potential withdrawals or lateral movements.
Ethereum whales is stable: what it means for the price
The number of Ethereum whales – portfolios holding between 1,000 and 10,000 ETH – is currently 5,458.
This figure went slightly from 5,442 on April 21 to 5,457 on April 23 and remained stable around this level in the last four days.
Recent stabilization suggests a break in accumulation or distribution activity between major holders, offering a potential signal that the market could wait for a catalyst before making its next significant movement.
The follow -up of Ethereum whales is essential because these major holders can have a disproportionate impact on price movements. When the number of whales increases, this often signals confidence and potential accumulation, which can be optimistic for the price.
Conversely, a counting of whales could suggest selling upcoming pressures.
With the number of Ethereum whales regularly holding approximately 5,458, this could involve a neutral position among the main players – neither the purchase nor the aggressively sale – potentially leading to reduced volatility and the action of the prices linked to the range until a clearer trend emerges.
The battle of Ethereum around $ 1,828: eruption or breakdown?
ETHERAUM EMA (Mobile Mobile Mobile) lines are currently aligned with upward training, with short -term EMAs positioned above those in the long term – a classic sign of ascending momentum.
In the past few days, ETH has tried to unravel the resistance area around $ 1,828 but has not succeeded. If Ethereum is testing this level again and successfully succeeds above, the next rise targets would be the resistance at $ 1,954, followed by a potential movement at $ 2,104.
A break greater than $ 2,000 would be significant, marking the first time that the exchanges of Eththly higher than this psychological level since March 27.
However, Ethereum Price could fall back to test support at $ 1,749 if the bullish momentum fades and the trend is reversed. The loss of this level could expose the ETH to additional reductions to $ 1,689.
If the sales pressure is intensifying, deeper support levels at $ 1,537 and even $ 1,385 could come into play.
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