NEWSLETTER
ethereum has been heavy for <a target="_blank" href="https://www.newsbtc.com/news/ethereum/q2-outlook-for-ethereum-can-eth-overcome-its-disappointing-q1-performance/” target=”_blank” rel=”noopener nofollow”>Persistent moment down, And even a short -term rally may not be enough to change the wider trend immediately. As is, the eth price is now at an important technical moment, with the cryptographic analyst Tony “The Bull” Severino warning of a possible closure below a significant long -term indicator.
With only a few remaining days in the first quarter of 2025, Severino resorted to the social media platform x to highlight the implications of ethereum's position in relation to its 3 -month -old Bollinger band base, that could mean problems.
ethereum faces a technical threat in the quarterly list of the term
The cryptographic analyst Tony “The Bull” Severino has sounded the alarm in the quarterly table of ethereum. In <a target="_blank" href="https://x.com/tonythebullBTC/status/1904565466170859730″ target=”_blank” rel=”noopener nofollow”>Recent publication in The Social Network Platform x, Severino, pointed out the base of the Bollinger band of 3 months, saying that the price of ethereum is in danger of closing it. Now there is less than a week in the first quarter, and the analyst warned: “There are seven days left to prevent ethereum from closing below the base of the Bollinger band of 3M. If you lose it, look below.”
The Bollinger 3M band is a version of the standard indicator of Bollinger bands applied to a 3 -month (quarterly) table. In this case, each candlestick in the table represents three months of price action, so it covers the behavior of eth prices from a long -term perspective. Speaking of a long -term price action, the ethereum / Dollar index of 3 months shared by Severino shows that Altcoin has been operating within these Bollinger bands since July 2022.
As shown in the price table below, ethereum is <a target="_blank" href="https://www.newsbtc.com/news/ethereum-price-in-accumulation-2000/” target=”_blank” rel=”noopener nofollow”>Currently, merchanting closure to the Bollinger Lower band, which is a price level of $ 2,000. Interestingly, the current candlestick, which only has a few days to close, stands out for a lower fuse that stands out under the lower band. This means the price of ethereum <a target="_blank" href="https://www.newsbtc.com/news/ethereum/bears-dominate-ethereum-price/” target=”_blank” rel=”noopener nofollow”>It has already broken underneath Bollinger's band for a brief period this quarter, but only one closure below could quickly seal the treatment.
What a breakdown under the band could mean for the price of eth
If ethereum closes under the Bollinger band, it will undoubtedly indicate an incoming wave of bearish impulse that could eclipse its current mediocre price action. The cryptocurrency could lose the psychological price threshold of $ 2,000 completely and lose many support levels up to $ 1,500 before any strong rebound. Tony Severino said there are only seven days Left to save ethereum from closing under the Bollinger 3M band and avoiding bassist potential.
<a target="_blank" href="https://x.com/tonythebullBTC/status/1904563914727121148″ target=”_blank” rel=”noopener nofollow”>In another publication In x, the analyst expanded on the implications of the current eth structure. Many investors expect a fast rebound and a return to historical maximums, but warned that such an optimistic career could take a long time to manifest.
Any short -term bullish trend may not be enough to reverse the largest descending trend that has been developing during the last 12 months. A significant structural change <a target="_blank" href="https://www.newsbtc.com/news/ethereum/ethereum-accumulation-is-almost-over-breakout-above-2200-could-trigger-expansion-phase/” target=”_blank” rel=”noopener nofollow”>will require sustained bullish pressure In several quarters, not just a short -term rebound. “Think in terms of quarters, no months, weeks or days,” he said.
At the time of writing, ethereum is quoted at $ 2,052.
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