menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

6d

read

353

img
dot

Image Credit: Bitcoinist

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

  • Ethereum's price is at a critical moment as it risks closing below the 3-month Bollinger Band indicator, according to analyst Tony Severino.
  • The quarterly chart shows Ethereum trading close to the lower Bollinger Band, indicating bearish momentum.
  • A close below the Bollinger Band could lead to a further decline in Ethereum's price, potentially dropping below $2,000.
  • Severino advises thinking in terms of quarters, rather than expecting short-term rebounds, to see a meaningful structural change in Ethereum's price.

Read Full Article

like

21 Likes

For uninterrupted reading, download the app