Summary
- Analyst Ali Martinez said that Ethereum's Bollinger Bands have entered a squeeze zone.
- He said that when the width of the Bollinger Bands narrows, it is interpreted as a signal of increased price volatility.
- He stated that Ethereum is currently trading at 4342.71 dollars.
Ethereum (ETH) may make a big move soon.
On the 11th (local time), Ali Martinez, a crypto asset (cryptocurrency) analyst, said on X, "Ethereum's Bollinger Bands have sharply narrowed and entered a 'squeeze' zone. It could make a big move soon."
Typically, when the width of the Bollinger Bands narrows, it means price volatility is decreasing and is interpreted as a signal that a strong price rise or fall may occur afterward. Meanwhile, Ethereum is trading on CoinMarketCap at 4342.71 dollars, up 0.89% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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