ETH 3-month outlook shows classic Bollinger Band squeeze with mounting selling pressure. The bands are tightening, signaling limited upside breathing room.
Critical levels to watch: A break above 2975 could trigger fresh momentum toward 3150, establishing a new uptrend. Conversely, failure to hold 2900 support opens the door for deeper weakness, with targets landing between 2850-2650.
Right now it's a coin flip—the market's just spinning wheels within this compressed range. Patience needed until one side gives way decisively. The next directional move will likely be sharp once it breaks free from this squeeze.
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fren.eth
· 12-17 09:58
The coin flip analogy is really spot on. Now it's just a matter of waiting for that moment.
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BoredWatcher
· 12-17 09:51
Bollinger Band contraction is basically gambling; to put it plainly, it's now just a coin flip game.
ETH 3-month outlook shows classic Bollinger Band squeeze with mounting selling pressure. The bands are tightening, signaling limited upside breathing room.
Critical levels to watch: A break above 2975 could trigger fresh momentum toward 3150, establishing a new uptrend. Conversely, failure to hold 2900 support opens the door for deeper weakness, with targets landing between 2850-2650.
Right now it's a coin flip—the market's just spinning wheels within this compressed range. Patience needed until one side gives way decisively. The next directional move will likely be sharp once it breaks free from this squeeze.