Ethereum

ETHUSD

shows signs of renewed strength, having risen by 14% over the past seven days. Despite the recent increase, Ethereum has been trading below the $1,900 mark since April 2, highlighting the importance of upcoming key resistance levels.

Whether Ethereum can regain higher ground or faces renewed selling pressure will depend on its upcoming movements around key support and resistance areas.

BB Trend Slowdown for Ethereum: What Does It Indicate Next?

Currently, the BBTrend indicator for Ethereum stands at 8.77, indicating a notable decrease from 11.83 two days ago.

Despite the drop, the indicator has remained positive over the past three days, suggesting that Ethereum has maintained a bullish structure even as momentum slows.

This shift could indicate the early stages of a potential consolidation phase, where the market takes a breather before deciding on its next major move.

ETH BBTrend.

BBTrend, or Bollinger Band Trend, is a technical indicator that measures the strength of the trend by analyzing how the price behaves relative to the Bollinger Bands.

When BBTrend values are high and positive, they generally indicate a strong upward trend; when negative, they indicate a downward trend. The BBTrend indicator for Ethereum, now at 8.77, suggests that while the upward trend is still present, its strength is waning.

Buyers' failure to reassert control may lead to increased volatility, $ETH