#JohnBollingerInsights , JohnBollinger, creator of Bollinger Bands, spots a bullish "W"-bottom pattern forming in Ethereum and Solana, hinting at a potential reversal. However, he notes Bitcoin hasn't shown the same setup, suggesting
$ETH and
$SOL might outperform
#bitcoin in the near term.
🔥BLACKROCK DUMPS BITCOIN, BUYS ETHERUM 🚨
#BlackRock deposited 272.4 #BTC ($28.3M) to Coinbase Prime and pulled out 12,098 #ETH ($45.4M) hours later.
#Ethereum shows a strong rebound from the recent dip, confirming renewed buying pressure near the $3,830 support zone. Price action now consolidates just below the $3,950 resistance — a breakout above this level could ignite a sharp move toward $4,000 and beyond. The overall structure supports bullish continuation as buyers regain control after the retracement.
Trade Setup:
Long Entry: $3,900 - $3,925 (Set Limit Orders)
Target 1: $3,970
Target 2: $3,995
Target 3: $4,050
Final Target 🎯 🔥: 4,100 (For Risky Traders Only)
Stop Loss (SL): $3,890
Momentum favors bulls while the uptrend remains intact. A sustained close above $3,950 would confirm strength for higher targets.
💡 ETH price analysis notes:
- *Current*: Holding firm within $3,900-$3,850 demand zone with buyer support.
- *Next move depends on*:
- Break above descending trendline → upward momentum to $4,100-$4,200, potentially $4,500-$4,600 with continued buying pressure.
- *Action*: Monitor trendline for breakout/rejection confirmation. Patience and precise entries key.
$ETH price momentum is building again as it holds above key support near $3,500. Technical indicators suggest a breakout could send it toward $4,450-$4,500 in October, supported by positive market sentiment and improving network metrics.
#JohnBollingerInsights #ETH🔥🔥🔥🔥🔥🔥