Ethereum has been weighed down by persistent downward momentum, and even a near-term rally will not be sufficient to shift the broader pattern instantly. As it stands, the ETH worth is now at an vital technical second, with crypto analyst Tony “The Bull” Severino warning of a attainable shut under a major long-term indicator.
With simply days remaining within the first quarter of 2025, Severino took to the social media platform X to spotlight the implications of Ethereum’s place relative to its 3-month Bollinger Band foundation, 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 foundation, saying Ethereum’s worth is in peril of closing under it. There’s now lower than per 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.”
The 3M Bollinger Band is a model of the usual Bollinger Bands indicator utilized to a 3-month (quarterly) chart. In this case, every candlestick on the chart represents three months of worth motion, so it covers ETH’s worth habits from a long-term perspective. Speaking of long-term worth motion, the Ethereum / U.S. Dollar 3-month index shared by Severino reveals that the altcoin has been buying and selling inside these Bollinger bands since July 2022.
As proven within the worth chart under, Ethereum is currently trading close to the decrease Bollinger band, which is simply across the $2,000 worth stage. Interestingly, the present candlestick, which solely has a number of days to shut, is highlighted by a decrease wick protruding under the decrease band. This means the Ethereum worth has already broken below the Bollinger Band for a short interval this quarter, however solely an in depth under might rapidly seal the deal.
What A Breakdown Below The Band Could Mean For ETH’s Price
If Ethereum does shut under the Bollinger Band, it can undoubtedly sign an incoming wave of bearish momentum which may outshine its present lackluster worth motion. The cryptocurrency may lose the $2,000 psychological worth threshold fully and lose many assist ranges up till $1,500 earlier than any sturdy rebound. Tony Severino famous that there are solely seven days left to save Ethereum from closing under the 3M Bollinger Band and keep away from a bearish potential.
In another post on X, the analyst expanded on the implications of ETH’s present construction. Many buyers are hoping for a swift rebound and a return to all-time highs, however he cautioned that such an optimistic run may take a very long time to manifest.
Any bullish pattern within the quick time period may not be sufficient to reverse the bigger downward pattern that has been creating for the previous 12 months. A significant structural change will require sustained bullish pressure over a number of quarters, not only a short-term bounce. “Think in terms of quarters, not months, weeks, or days,” he mentioned.
At the time of writing, Ethereum is buying and selling at $2,052.
Featured picture from iStock, chart from Tradingview.com
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