Ethereum Momentum Cools After Pectra – What’s Next for ETH Price? 📉
Ethereum (ETH) has experienced a significant 58% increase in the last 30 days, with a notable 40% rally in the past 10 days. However, key indicators suggest caution as the BBTrend turns negative, whale accumulation declines, and short-term EMA momentum slows.
The BBTrend's shift into negative territory could signal a potential consolidation period or an early sign of a pullback. Ethereum whale numbers have dropped below 5,400 for the first time since April, indicating possible profit-taking among major holders.
Ethereum struggles near $2,700, with slowing momentum casting doubt on the ability to reclaim $3,000 without renewed buying pressure. If selling increases, ETH may revisit support zones at $2,408, $2,272, and $2,112.
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