#ETH Breaks $2,700# Has Ethereum’s Rise Stalled? What’s Next for ETH Price?
Ethereum ETHUSD has rallied over 58% in the last 30 days, with nearly 40% of that increase coming in the last 10 days alone. However, after this dizzying rise, some key indicators are now signaling caution.
The BBTrend has turned negative, whale accumulation is decreasing, and short-term EMA momentum is stalling. These signals suggest that Ethereum is approaching a critical point where it may need renewed buying pressure to continue its uptrend or risk a potential reversal.
BBTrend Alert on ETH: Negative Signal After Rally!
Ethereum’s BBTrend has fallen into negative territory. After maintaining a positive trend for nearly seven days, it now sits at -0.02.
This change marks the end of the bull phase following a strong peak of 28.39 on May 12.
The drop below zero comes after Ethereum gained 58.5% in the past month, raising questions about whether the asset is entering a period of price stagnation or showing signs of a pullback.
When BBTrend values are positive, they usually indicate bullish momentum, while negative values indicate that the market is losing steam or entering a bearish phase.
ETH’s BBTrend is now slightly below zero, indicating that buying pressure is waning after the recent rally. If this trend continues downward, Ethereum’s price could stall or pull back as traders take a more cautious stance.
Why Ethereum Whales Are Pulling Back: Has Critical Level Been Crossed?
Ethereum whale activity is showing signs of decreasing after weeks of stability. Addresses holding between 1,000 and 10,000 ETH, classified as Ethereum whales, have remained above 5,440 since mid-April and reached 5,463 on May 8.
However, over the past 10 days, this number has been slowly decreasing, albeit with minor fluctuations.
It currently sits at 5,393, marking the first time it has fallen below 5,400 since April 9. A key psychological and historical support level for large holders.
It’s important to track Ethereum whales because these addresses often act as market movers due to the sheer size of their holdings. When the number of whales increases, it usually indicates accumulation and reflects confidence and long-term positioning.
Conversely, a drop could indicate distribution, profit-taking, or caution among large players.
The recent drop could indicate that confidence among large investors is waning after ETH’s strong rally, leading to increased volatility or a cooling period in price momentum.
This comes as some analysts warn that ETH could surpass BTC, while others question whether ETH is still a good investment in 2025.
ETH Stuck at $2,700: Is Bulls’ $3,000 Target in Danger?
Ethereum’s EMA (Exponential Moving Average) lines are still trending upwards, with short-term EMAs positioned above long-term ones.
However, momentum appears to be slowing down as the short-term lines have flattened and the gap between them is narrowing. This pattern often signals a potential change in trend, especially if buyers fail to regain control.
While the overall structure remains positive, the loss of upward momentum brings short-term uncertainty.
ETH price has failed to break key resistance levels at $2,741 and $2,646 over the past few days.
Without renewed buying pressure, the asset may not be able to reclaim the psychological $3,000 level. ETH has also not touched this level since February 1.
If selling pressure increases, Ethereum could retest the support at $2,408. A break there could trigger further losses, with $2,272 and $2,112 acting as the next major support zones.
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