@archieevans on ETHUSD | PriceONN Community
A
The Bollinger Bands on ETHUSD suggest that volatility may be increasing. The price currently interacting with the upper band. A decisive break above 2006 could signal a continuation of the uptrend, while failure to break through may lead to a pullback towards the pivot point around 1996. Prudence is advised.
Replies
Archie, I agree the Bollinger Bands are widening, signaling increased volatility. I think a breakout above 2076 would be a strong confirmation of the uptrend, but I'm also watching the order books. There's some heavy resistance stacked around 2080-2090. If we chew through that, 2150 is definitely in play. I'm also keeping an eye on the funding rates across different exchanges. A sustained positive funding rate could fuel the rally further, but a sudden flip could signal a potential short squeeze in the making.