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Ethereum

Ethereum Price Risks Closing Below 3M Bollinger Bands, Expert Says Think Longer Term

Scott Matherson
by Scott Matherson
6 months ago
·
Posted in Altcoin News, Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ethereum has been weighed down by persistent downward momentum, and even a near-term rally may not be enough to shift the broader trend immediately. As it stands, the ETH price is now at an important technical moment, with crypto analyst Tony “The Bull” Severino warning of a possible close below a significant long-term indicator. 

With just days remaining in the first quarter of 2025, Severino took to the social media platform X to highlight the implications of Ethereum’s position relative to its 3-month Bollinger Band basis, which could spell trouble.

Ethereum Faces A Technical Threat On The Quarterly Timeframe Chart

Crypto analyst Tony “The Bull” Severino has sounded the alarm on Ethereum’s quarterly chart. In a recent post on social media platform X, Severino pointed to the 3-month Bollinger Band basis, saying Ethereum’s price is in danger of closing below it. There’s now less than a week remaining in Q1, and the analyst warned, “There are seven days left to save Ethereum from closing below the 3M Bollinger Band basis. If it loses it, look out below.”

Related Reading: Ethereum Retests Symmetrical Triangle Pattern, Analyst Sets Next Target

The 3M Bollinger Band is a version of the standard Bollinger Bands indicator applied to a 3-month (quarterly) chart. In this case, each candlestick on the chart represents three months of price action, so it covers ETH’s price behavior from a long-term perspective. Speaking of long-term price action, the Ethereum / U.S. Dollar 3-month index shared by Severino shows that the altcoin has been trading within these Bollinger bands since July 2022.

Ethereum
Source: Tony Severino on X

As shown in the price chart below, Ethereum is currently trading close to the lower Bollinger band, which is just around the $2,000 price level. Interestingly, the current candlestick, which only has a few days to close, is highlighted by a lower wick protruding below the lower band. This means the Ethereum price has already broken below the Bollinger Band for a brief period this quarter, but only a close below could quickly seal the deal.

What A Breakdown Below The Band Could Mean For ETH’s Price

If Ethereum does close below the Bollinger Band, it will undoubtedly signal an incoming wave of bearish momentum that might outshine its current lackluster price action. The cryptocurrency might lose the $2,000 psychological price threshold completely and lose many support levels up until $1,500 before any strong rebound. Tony Severino noted that there are only seven days left to save Ethereum from closing below the 3M Bollinger Band and avoid a bearish potential.

Related Reading: This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time?

In another post on X, the analyst expanded on the implications of ETH’s current structure. Many investors are hoping for a swift rebound and a return to all-time highs, but he cautioned that such an optimistic run might take a long time to manifest.

Any bullish trend in the short term might not be enough to reverse the larger downward trend that has been developing for the past 12 months. A meaningful structural change will require sustained bullish pressure over multiple quarters, not just a short-term bounce.  “Think in terms of quarters, not months, weeks, or days,” he said.

At the time of writing, Ethereum is trading at $2,052.

Ethereum
ETH trading at $2,065 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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