ETH Price Trails BTC, SOL, XRP in Weekly Price Gains
Ethereum (ETH) price is exhibiting a period of uncertainty as key indicators point to a lack of strong directional momentum. The DMI trend is weak, and ADX has been below 20 for many consecutive days, highlighting the market’s indecision.
Additionally, the number of ETH whale addresses has declined since hitting an 11-month high, suggesting a possible change in market sentiment. With ETH’s EMA line still undetermined, the coin’s next move may depend on its ability to break through key resistance levels or hold key support areas.
ETH DMI signals weak momentum
this Ethereum The DMI (Directional Movement Index) chart shows that ADX is currently at 12.5 and has remained below 20 for the past four days. ADX (Average Directional Index) measures the strength of a trend, with a reading below 20 indicating a weak or uncertain trend.
The lack of trend strength indicates Ethereum It is currently in a period of indecision or consolidation, with no clear directional momentum dominating the market.
In addition to the lower ADX, the +DI (positive directional indicator) is 24.9, while the -DI (negative directional indicator) is 30.8. A higher -DI indicates a slight edge in bearish momentum compared to +DI, but a weak ADX suggests this bearish pressure is not driving the price as strongly.
As trends appear uncertain, Ethereum The sideways movement is likely to continue until stronger market momentum emerges (either bullish or bearish) to break the current deadlock.
ETH whales face decline after recent 11-month high
quantity Ethereum Whales – addresses holding at least 1,000 ETH – reached an 11-month high of 5,690 on January 15, but have since fallen to 5,663.
Tracking these whales is critical because their accumulation or distribution often signals changes in market sentiment and underlying price trends. Large shareholders can have a significant impact on markets, and their activities provide valuable insights into broader investment patterns.
The recent drop in ETH whale addresses may be related to the surge in interest and capital flowing into BTC, Trump, and other assets. Soland other altcoins. As these alternatives outperform or gain traction, some ETH whales may reallocate their holdings, which could intensify the selling pressure Ethereum price.
If this trend continues, ETH’s price could face challenges, especially if capital rotation erodes its market dominance in favor of other coins.
ETH Price Prediction: The EMA line has yet to show a clear direction
ETH’s EMA line indicates that its current trend remains uncertain, reflecting the market’s lack of clear direction. Although ETH rallied between January 13 and January 16, its performance over the past seven days has lagged major coins.
BTC rose by 17%, XRP rose by 36%, and SOL rose by 43%. Ethereum price It is up 7.6% over the past seven days.
If ETH is able to establish a strong uptrend, it may target the key resistance at $3,473. A successful move above this level could pave the way for further gains towards $3,745.
However, if current uncertainty persists and downside momentum builds, Ethereum price A test of the support at $3,158 is possible. A break below this level could lead to further losses for ETH, possibly to $2,927.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
