The price of Ethereum (ETH) has risen by 58% over the past 30 days, with 40% of this increase occurring in the last 10 days.
However, key indicators such as negative BBTrend and declining whale activity point to weakening momentum. Ethereum after Pectra needs new buying pressure to avoid a correction.
BBTrend Ethereum in the negative zone
BBTrend Ethereum dropped to -0.02 after a week of positive trend. The peak of 28.39 on May 12 was followed by a decline, reflecting the end of the bullish phase. After a rise of 58.5%, the price of ETH may consolidate or correct. BBTrend assesses price momentum relative to volatility in Bollinger Bands. Negative values indicate a loss of strength.
With BBTrend ETH currently slightly below zero, this may signal a decrease in buying pressure following the recent rally. If this trend continues downward, the price of Ethereum may pause or pull back as traders take a more cautious position.
Ethereum whales are reducing their activity
The number of wallets holding 1,000–10,000 ETH has fallen to 5,393, below 5,400 for the first time since April 9. Previously, the figure had been steady at 5,463. The decline may signal profit-taking or caution among whales.
However, over the past 10 days, this number has been gradually decreasing, despite minor fluctuations. Tracking Ethereum whales is important as these addresses often act as market drivers due to the size of their assets. When the number of whales increases, it usually signals accumulation, reflecting confidence and long-term positioning.
Conversely, the decrease may indicate distribution, profit-taking, or caution among major players.
The recent decline may indicate a decrease in confidence among large investors following a strong ETH rally, potentially leading to increased volatility or a cooling-off period in price momentum.
This comes at a time when some analysts indicate that ETH may overtake BTC, while others question whether ETH is still a good investment in 2025.
ETH is struggling around $2,700 — can the bulls reclaim $3,000?
The exponential moving average (EMA) lines of Ethereum remain bullish, with short-term EMAs positioned above long-term ones.
However, momentum seems to be slowing down as short-term lines have flattened out and the gap between them is narrowing. This pattern often signals a potential shift in trend, especially if buyers fail to regain control.
Although the overall structure is still positive, the loss of upward momentum introduces short-term uncertainty. The price of ETH has been trying to break key resistance levels at $2,741 and $2,646 over the past few days.
Without new buying pressure, the asset may not reclaim the psychological mark of $3,000 — a level it has not reached since February 1.
If selling pressure increases, Ethereum may return to support at $2,408. A break there could trigger further losses, with $2,272 and $2,112 as the next significant support zones.#BinanceSquare #Write2Earn #crypto #Binance #ETH $ETH
