Ethereum Shows Mixed Signals as BBTrend Turns Bullish While Whale Activity Declines

Ethereum faces conflicting technical signals as the cryptocurrency hovers in a critical price zone between resistance at $2,900 and support at $2,679. A day after hitting -3, the BBTrend indicator has flipped dramatically bullish, rising to 4.99, indicating increasing upward momentum that may portend a possible reversal from recent bearish conditions to more positive market action.

However, this technical optimism contrasts with declining whale activity, which has persisted for seven consecutive days as large holders continue reducing positions or refraining from accumulation.

From 5,427 ten days ago to 5,400 three days ago, the number of Ethereum whales with 1,000–10,000 ETH has dropped to 5,378. This suggests that high-net-worth and institutional investors may be losing faith in the cryptocurrency.

ETH BBTrend Reversal Signals Potential Momentum Shift

The BBTrend indicator, which measures directional strength relative to Bollinger Bands, provides encouraging signals for Ethereum bulls. Values above zero indicate upward momentum while readings below zero suggest bearish pressure.

The current 4.99 reading indicates strong bullish momentum that, if sustained, could drive further upside as traders interpret the shift as changing market sentiment.

This technical development occurs as Ethereum approaches the upper threshold that typically signals breakout scenarios. The transition from negative to strongly positive BBTrend readings suggests underlying buying pressure may be building despite recent price consolidation near resistance levels.

Whale behavior continues creating concern for Ethereum’s near-term prospects. These large addresses possess significant market influence through their trading decisions, making their collective behavior crucial for price direction.

Increases in whale numbers usually indicate accumulation and a strong belief in future expansion, whereas steady losses, such as the current pattern, point to profit-taking or a loss of faith.

Ethereum’s current position near $2,679 support creates a critical testing ground for the cryptocurrency’s technical structure. Failure to maintain this level could trigger moves toward $2,479 and potentially $2,326, especially if bearish momentum accelerates. These downside targets would indicate a shift in short-term market structure and could generate additional selling pressure.