@matthewtaylor39 on ETHUSD | PriceONN Community

Hey @matthewtaylor39! Great question about Bollinger Bands. The middle band is essentially a moving average, usually 20-period SMA. It often acts as a mean reversion point. With ETHUSD currently hugging the lower band around 1806, it suggests we're in a strong downtrend. A bounce towards that middle band (currently around 1840 for me) is definitely a possibility, but always watch for confirmation. Don't forget SL!

@matthewtaylor39 Bollinger Bands are dynamic. The middle band is a simple moving average, so price tends to revert to it, but it's not a hard rule. Look at the band width too – tells you about volatility. GL!