Ethereum (ETH) is up nearly 9% over the past seven days, showing signs of strength, yet the price continues to struggle around the $2,000 mark. Despite this upward movement, key indicators suggest the market is still lacking decisive momentum.

From trend strength to whale activity and support/resistance levels, several metrics point to a market caught in consolidation. Whether Ethereum breaks out or breaks down from here may depend on how it reacts to both technical levels and shifting investor behavior in the days ahead.

Ethereum BBTrend Is Positive

Ethereum’s BBTrend is currently sitting at 3.23 and has remained in positive territory for the past three consecutive days. The indicator recently peaked at 3.93 on March 22, signaling a strengthening trend over the short term.

This sustained positive reading suggests that Ethereum may be gaining momentum again, though not aggressively.

Notably, the last time BBTrend reached above 5—a level typically associated with strong trending conditions—was on February 26, nearly a month ago. Since then, the indicator has shown moderate strength but has yet to break into the high-momentum zone again.

BBTrend, short for Bollinger Band Trend, is a technical indicator used to measure the strength of price trends. It quantifies how far the price deviates from its mean, typically using Bollinger Bands as a baseline.

Values below 0.5 often signal a lack of trend or choppy conditions, while readings above 1.0 indicate growing trend strength. A value above 3 is considered a sign of a solid trend, and anything over 5 typically points to a strong directional move, either bullish or bearish.

Ethereum’s BBTrend hovering at 3.23 suggests some directional conviction, but the absence of readings above 5 in the past month may imply that while ETH is trending, it’s not yet in a breakout or high-momentum phase.

Whales Are Reaching A Month-Low

The number of Ethereum whales—wallets holding between 1,000 and 10,000 ETH—has dropped to 5,329, down from 5,344 just three days ago.

This slight but notable decline suggests a gradual reduction in large-holder confidence or positioning. What’s particularly important is that this is the lowest whale count observed since February 25, marking a one-month low.

While the change may appear small, even marginal movements in whale behavior can ripple through the broader market, especially when Ethereum’s trend indicators are showing only moderate strength.

Tracking Ethereum whale wallets is crucial because these large holders have the power to influence price through significant buying or selling activity.

Whales often act as smart money, and changes in their accumulation or distribution patterns can serve as early signals of broader market shifts. A declining whale count may imply that some high-capacity investors are taking profits, repositioning, or adopting a more cautious stance.

The fact that the number of whale wallets is now at a monthly low could suggest increasing hesitation at higher price levels, potentially capping upside momentum for ETH in the near term unless new inflows or investor confidence returns.

Will Ethereum Fall Below $2,000 Again?

Ethereum’s EMA lines currently suggest a phase of consolidation, with price action continuing to struggle around the $2,000 mark. The lack of clear direction reflects indecision in the market, as ETH trades within a narrowing range.

On the downside, if Ethereum price tests the key support level at $1,938 and fails to hold it, the next lower targets lie at $1,867 and potentially as far as $1,759.

On the flip side, if Ethereum manages to gather bullish momentum and build a sustained uptrend, the first major resistance to watch is at $2,320.

A successful breakout above this level could trigger a run toward $2,546 and, if the momentum accelerates, even reach as high as $2,855.

The FDIC removed its reputational risk criteria in evaluating bank supervision, a key tool that drove crypto debanking efforts. Crypto Czar David Sacks called this a big win for the industry.

The FDIC took this step in response to a proposed legislation that would mandate the same changes. This legislation is far from becoming law, but the FDIC reformed its own guidelines to fall in with Trump’s pro-crypto mandate.

The FDIC Fights Crypto Debanking

The Federal Deposit Insurance Corporation (FDIC) is an important component of US finance regulation. In the past few years, FDIC has been allegedly driving crypto debanking efforts against major businesses and individual investors.

However, the agency is now reversing some of its policies, signaling its wholehearted shift against crypto debanking.

“Big win for crypto: The FDIC is following the USOCC’s lead in removing ‘reputational risk’ as a factor in bank supervision. In practice, this vague and subjective criteria was used to justify the debanking of lawful crypto businesses through Operation Chokepoint 2.0,” claimed David Sacks, Donald Trump’s Crypto Czar.

Essentially, Senator Tim Scott supports the FIRM Act, proposing legislation that would compel the Corporation to remove the reputational risk assessment.

This bill is passing through committee, but it is very far from becoming law. The FDIC is pre-empting a lengthy legislative battle by acquiescing to its demands regarding crypto debanking.

President Trump has identified an end to Operation Choke Point 2.0 as a high priority for his administration. The involvement of his Crypto Czar is a further sign of his concern.

Last December, Trump suggested abolishing the FDIC over its role in crypto debanking, but that drastic step has proved unnecessary.

As President Biden’s term in office came to an end, FDIC members like Travis Hill started openly criticizing the Corporation’s role in crypto debanking.

Hill is currently the new Acting Chair, and the FDIC has enthusiastically released tranches of documents detailing its involvement in Operation Choke Point 2.0. Today, it’s getting ahead of criticism once again.

This development could have substantial knock-on effects on the entire financial sector. Obviously, the FDIC’s activities hampered the crypto industry, but debanking efforts also extended to other sectors.

The FIRM Act has drawn criticism, as some commentators worry that drastically looser rules could help bad actors and unfairly targeted firms.

Still, as far as the crypto industry is concerned, this is just one step in a broader trend. Since President Trump took office, the entire financial regulatory apparatus has taken on a sweeping pro-crypto attitude.

The FIRM Act may be totally unnecessary now, and it looks like the FDIC is joining the industry-friendly wave.

The TRUMP meme coin has experienced an extremely volatile month, down nearly 28% over the last 30 days. With the US president’s new rhetoric, ‘Liberation Day,’ set for April 2, anticipation is building across political and financial circles.

Some traders are betting that Trump’s Liberation Day could reignite interest in politically themed tokens. The big question now is whether this momentum can push TRUMP past key resistance levels—or if uncertainty will continue to weigh it down.

TRUMP BBTrend Is Negative And Struggling To Go Up

The market is growing increasingly anxious ahead of the so-called “Liberation Day” on April 2. Reports suggest Trump may postpone or scale back some of the more aggressive sector-wide tariffs.

Still, no final decision has been made, and Trump has a history of last-minute shifts, keeping investors on edge. A delay or reduction in tariff scope could ease market tension, potentially boosting risk-on sentiment—something that may especially benefit meme coins, including the politically themed TRUMP token.

TRUMP’s BBTrend is currently at -2.21 after briefly flipping positive yesterday, only to drop back down and reach a recent negative low of -2.50 just a few hours ago. BBTrend, or Bollinger Band Trend, is a technical indicator used to assess the strength and direction of a trend.

Readings above 3 suggest strong bullish momentum, while values below -3 indicate strong bearish conditions; anything between -1 and 1 typically signals a weak or sideways trend.

With TRUMP’s BBTrend hovering in the negative zone but not at an extreme level, it suggests the token is currently under light bearish pressure.

The brief positive reading followed by a quick reversal could signal uncertainty in market direction, and whether TRUMP can regain traction may depend on how traders interpret Trump’s upcoming trade policy decisions.

Ichimoku Cloud Shows TRUMP Doesn’t Have A Clear Direction

TRUMP’s Ichimoku Cloud chart reveals a market in hesitation. After a brief rally, the price is currently hovering around the cloud’s lower boundary.

The Tenkan-sen (blue) and Kijun-sen (red) lines are flat and tightly compressed, indicating a lack of short-term trend strength and reflecting an indecisive market.

The price is also sitting right on top of the cloud, suggesting it is in a transition zone where it could either rebound or break down depending on upcoming momentum.

The future cloud (Kumo) is flat and thin, which signals weak support and limited conviction in either direction. A thin cloud can often be pierced easily, meaning price movements in either direction may not face strong resistance or support.

Additionally, the Chikou Span is closely trailing past price action, reinforcing the idea that momentum has stalled.

Overall, the Ichimoku setup paints a picture of uncertainty for TRUMP, with no clear trend dominance until a breakout above or below the cloud confirms the next move.

Can TRUMP Hit $20 Before Liberation Day?

Despite the anticipation surrounding the upcoming Liberation Day on April 2, the TRUMP meme coin continues to struggle around or below the $12 mark.

Both the BBTrend and Ichimoku Cloud indicators suggest a lack of strong momentum, reinforcing the idea that TRUMP is currently in a consolidation phase with limited bullish pressure.

However, if optimism builds as the event approaches—or if news tied to it proves favorable for the broader crypto market—TRUMP could break out of its current range.

A successful move above the $12.51 and $13.88 resistance levels could open the door for a rally toward $17.75, and if momentum accelerates, possibly even $24.56—marking its first return above $20 since February 15.

On the flip side, a failure to generate buying interest or a shift in sentiment could lead to increased selling pressure. If that happens, TRUMP may revisit the key support at $9.54.

A breakdown below that level would be particularly significant, as it would mark the first time the token trades under $9 since its initial launch.