Ethereum was wandered by persistent impulse down, And even a short -term rally may not be enough to change the wider trend immediately. The way it looks, the ETH price is now an important technical moment, with the crypto analyst Tony “The Bull” Severino warns of a possible conclusion under a significant long-term indicator.
With just a few days in the first quarter of 2025, Severino went to the social media platform X in order to highlight the effects of Ethereum’s position compared to his 3 months Bollingen band base. Which could mean trouble.
Ethereum is in the quarterly time frame diagram of a technical threat
The crypto analyst Tony “The Bull” Severino has grounded the alarm in Ethereum’s quarterly diagram. In A Recent contribution on The social media platform X, Severino, Severino pointed out the 3-month basis of the Bollinger band and said that Ethereum’s price was in danger of concluding. In the second quarter, less than a week remains, and the analyst warned: “There are still seven days to save Ethereum before closing the 3M Bollinger band base. If it loses it, look down down.”
The 3M Bollinger band is a version of the standard indicator for Bollinger tapes that are applied to a 3-month diagram (quarterly). In this case, each candlelight stick in the table represents three months and covers the price behavior of the ETH from a long -term perspective. Speaking of long-term price campaign: The Ethereum / US dollar 3 month index shared by Severino shows that the Altcoin has been traded within this Bollinger tapes since July 2022.
As shown in the following price diagram, Ethereum is Currently the trade to the lower Bollinger band, which is just around the price level of 2,000 US dollars. Interestingly, the current candlelight, which has only a few days before the closure, is highlighted by a lower wick below the lower gang. This means the Ethereum Prize is already broken below The Bollinger gang for a short time this quarter, but only one closure underneath could quickly seal the deal.
What a breakdown under the band could mean the price of the ETH
When Ethereum closes under the Bollinger band, it undoubtedly signals an in -depth wave of the bear impulse, which could exceed its current defective price campaign. The cryptocurrency could completely lose the psychological price threshold of 2,000 US dollars and lose many levels of support of up to $ 1,500 in front of a strong back rim. Tony Severino noticed that there were only seven days Left to save Ethereum From closing under the 3M Bollinger band and avoid a bearish potential.
In another post The analyst expanded the effects of the current structure of ETH to X. Many investors hope for a rapid rebound and a return to all -time highs, but warned that such an optimistic run may take a long time.
Every short -term bullish trend may not be enough to reverse the larger downward trend that has developed for 12 months. A sensible structural change Require Over several quarters, not just a short -term jump. “Think in quarters, not in months, weeks or days,” he said.
At the time of writing, Ethereum is $ 2,052.
Selected picture of iStock, diagram of tradingview.com
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