Ethereum (ETH) remains weak: Altcoin investors should be on the alert.

The #Ethereum price has been quite weak against Bitcoin ($BTC ) due to profit taking and whale activity.

Ethereum experienced a strong rally after the US elections and reached $ 3,446. This 20 percent increase made crypto investors happy. However, the increasing profit taking reversed this situation. Selling pressure prevented Ethereum from rising, pulling the price to around $ 3,100.

Ethereum's post-election rally carried the pair to its highest levels in several months. However, this momentum soon stalled. Profit taking among investors suppressed the rally, bringing the Ethereum price to $ 3,114. This level currently serves as an important support level.

Recent whale movements once again demonstrated the increasing volatility in the market. According to the data, a whale wallet collected 18,049 #ETH in declines. However, large Ethereum transfers to Binance by other large investors indicate selling pressure. For example, two different $ETH whales transferred 11,286 ETH (about $36 million) to Binance, increasing sell signals. Such large transfers to exchanges are usually considered as signals of impending liquidations.

Technical indicators for the Ethereum price are showing bearish signals. The Moving Average Convergence Divergence (MACD) indicator is indicating that momentum is waning. Although the MACD line remains above the signal line, the flattening of the histogram bars shows that the bulls are not strong enough. If this momentum continues to weaken, Ethereum’s sell-off could increase further.

In addition, the Bull Bear Force (BBP) indicator also reflects similar market sentiment. The readings are showing signs of stabilization after the recent upward move. The failure of BBP to reach new highs suggests that bullish power is not enough to break the $4,000 level. The ongoing decline in BBP values ​​​​is supporting bearish forces, increasing the risk of a deeper correction if buyers lose control.