John Bollinger Identifies “W” Bottom in Ethereum, Solana

John Bollinger, creator of Bollinger Bands, suggests a “W” bottom pattern formation in Ethereum and Solana, not Bitcoin, potentially signaling bullish reversals.

This observation draws attention from traders as Ethereum and Solana show signs of recovery, with Bitcoin exhibiting a different trajectory. Community dialogue remains cautious but keenly observant.

John Bollinger, the creator of Bollinger Bands, has indicated potential “W” bottom patterns in Ethereum (ETH) and Solana (SOL). Such formations often suggest a bullish reversal in cryptocurrency markets.

Bollinger acknowledges these setups in ETH and SOL but states Bitcoin does not exhibit this pattern. His insights focus particularly on ETH and SOL, suggesting attention to potential market moves.

Market Attention on Ethereum and Solana

The identification of these “W” patterns has caused the market to focus on potential reversals. Ethereum recently traded at $4,037, recovering from a double bottom at $3,700.

Solana’s price dynamics included a similar pattern with recovery around $175. As these setups often precede bullish trends, traders are observing closely.

Community Reactions and Historical Precedents

John Bollinger’s observations heated discussions across Twitter and trading forums. Anticipation regarding market movements is increasing as investors monitor ETH and SOL closely.

History indicates that previous “W” bottoms heralded gains. While no major funding shifts have occurred, the crypto community remains vigilant in assessing potential impacts. John Bollinger, Creator, Bollinger Bands, via Twitter, once said, “Gonna be time to pay attention soon I think.”