$ETH

📉 Technical Indicators – Why is it bleeding?

. Bollinger Bands:

• Bollinger squeeze is a signal for accumulation or an impending violent move.

• Currently:

• The price closed outside the lower limit (2500), then returned inside.

• This is considered a critical support test and if it fails, the next may be a break of the 2,500 level then to 2,480.