Ethereum has been weighed by persistent downward speed, And even a rally in the short term may not be enough to move the broader trend immediately. As it says, the ETH award is now at an important technical moment, with crypto analyst Tony “The Bull” Severino warning about a possible closure under a significant long-term indicator.
With only days left in the first quarter of 2025, Severino took the social media platform X to highlight the consequences of Ethereum’s position in relation to its 3-month Bollinger Band Base, Which can spell problems.
Ethereum is facing a technical threat on the quarterly time frame table
Crypto analyst Tony “The Bull” Severino has let the alarm on Ethereum’s quarterly chart. On one Recent posts Social media platform X, Severino pointed to the 3-month Bollinger band base and said that Ethereum’s price risks closing under it. There are now less than a week left during the first quarter, and the analyst warned: “There are seven days left to save Ethereum from closing under the 3M Bollinger Band base. If it drops it, look below.”
3M Bollinger Band is a version of the Standard Bollinger Band indicator that is applied to a 3-month (quarterly) chart. In this case, each candlestick on the chart represents three months of price measures, so it covers ETH’s price behavior from a long -term perspective. Speaking of long-term price measure, Ethereum / US Dollar 3-month index, which is shared by Severino, shows that Altcoin has been shopping within these Bollinger bands since July 2022.
As shown in the price chart below is Ethereum Currently shopping closely to the lower Bollinger band, which is about $ 2,000 price level. Interestingly, the current candlestick, which only has a few days to close, is emphasized by a lower wick that stands out under the lower band. This means the Ethereum price has already broken below The Bollinger band for a short period this quarter, but only one closure below could quickly seal the deal.
Which division under the band can mean for ETH’s price
If Ethereum closes under the Bollinger band, it will undoubtedly signal an incoming wave of baisse -like momentum that can surpass its current unfortunate price measure. Cryptocurrency can lose the psychological price threshold of $ 2,000 completely and lose many levels of support up to $ 1,500 before any strong rebound. Tony Severino noted that there are only seven days left to save ethereum The shutdown under the 3M Bollinger band and avoid a baisse -like potential.
In another post On X, the analysts expanded the consequences of ETH’s current structure. Many investors hope for a quick rebound and a return to all the time, but he warned that such optimistic driving can take a long time to manifest.
Each rare -like trend in the short term may not be enough to reverse the larger downward trend that has been developed over the past 12 months. A meaningful structural change will require long -lasting haussearted pressure For several quarters, not just a short -term bounce. “Think when it comes to blocks, not months, weeks or days,” he said.
At the time of writing, Ethereum is traded at $ 2,052.
Image from iStock, chart from tradingview.com
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