#BinanceAlphaAlert
The price of Ethereum (ETH) has increased by nearly 9% over the past seven days, showing signs of strength; however, the price continues to struggle around the $2,000 mark. Despite this upward move, key indicators suggest that the market still lacks critical momentum.
From trend strength to whale activity and support/resistance levels, several metrics indicate a market stuck in a state of consolidation. Whether Ethereum will break out of this situation or break down may depend on how it interacts with technical levels and changes in investor behavior in the coming days.
BB trend for Ethereum is positive
Currently, the BBTrend indicator for Ethereum sits at 3.23 and has remained in the positive zone for three consecutive days. The indicator recently peaked at 3.93 on March 22, suggesting a strengthening trend in the short term.
