Ether Lee Rium measured the weight Continued downward momentum, And even short -term rally may not be enough to immediately shift a wider trend. The ETH price is now in an important technical moment, and the encryption analyst TONY “The Bull” SEverino is as possible as possible under an important long -term indicator.
Severino emphasized the influence of Ether Leeum compared to the three -month Bollinger band through social media platform X when it was a few days left in the first quarter of 2025. It can be a problem.
Ether Lee is faced with technical threats on a quarterly time chart.
Encryption analyst Tony “The Bull” severino cried on Ethereum’s quarterly chart. A Recent posts Social Media Platform X and SEVERINO pointed out the three -month Bollinger band foundation, saying that the price of Ethereum is risk of being closed under it. In less than a week in the first quarter, the analyst is “Ether Lee is 7 days left to save the end below the 3m Bollinger band.
The 3M Bollinger Band is a version of the standard bollinger band indicator applied to the chart for three months. In this case, each candlestick of the chart represents three months of price measures, so ETH’s price behavior is covered in the long term. Speaking of long -term price behavior, the three -month Ethereum / us dollar 3 -month index shared by Severino shows that Altcoin has been trading in the Bollinger band since July 2022.
As you can see from the price chart below, Ethereum is as follows: It is currently trading For Lower Bollinger Band, the price of $ 2,000 is about $ 2,000. Interestingly, the current candlestick, which is only a few days, is emphasized with the lower week below the bottom band. This means the price of Etherrium Already broken below In this quarter, the Bollinger band was able to quickly seal the deal at a short time for a short time.
What does the failure under the band mean to the price of ETH?
If Ether Lee is close to the bollinger band, it will not doubt the wave of weak momentum that can surpass the current lack of price behavior. Cryptocurrency can completely lose a $ 2,000 psychological price threshold and lose a lot of support up to $ 1,500 before a strong rebound. Tony severino mentioned that it was only 7 days. I left to save Ether Leeum Close under the 3m bollinger band and avoid the potential of weakness.
In other posts In X, the analyst expanded according to the meaning of ETH’s current structure. Many investors are hoping to return to rapid rebound and all -time highs, but warn that such optimism can take a long time.
In the short term, the strong trend may not be enough to overturn the greater downward trend developed over the past 12 months. A meaningful structural change Continuous optimism is required It’s not short -term bounce, but over several quarter. “Think about the quarter, not several months, weeks or days.”
At the time of writing, Ether Lee is trading at $ 2,052.
Istock’s main image, TradingView.com chart
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