Legendary Trader Bollinger Issues Major Ethereum "Warning"

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class="share__link share__link--rd" href="#" title="Share to Reddit" onClick='gEvent("reddit","shareTop");window.open("http://www.reddit.com/submit?url=u.today/legendary-trader-bollinger-issues-major-ethereum-warning&text=Legendary Trader Bollinger Issues Major Ethereum \"Warning\" ", "Reddit Sharing", "width=1200,height=600");return false;'></a> <a class="share__link share__link--tg" href="#" onclick='gEvent("telegram","shareTop");window.open("https://telegram.me/share/url?url=https://u.today/legendary-trader-bollinger-issues-major-ethereum-warning&text=Legendary Trader Bollinger Issues Major Ethereum \"Warning\" ")' title="Share to Telegram"></a> <button aria-label="Copy link" class="btn--light share__link share__link--copy" onclick='gEvent("copy","shareTop");copyToClipboard(this)'></button> </div> <div class="article__author"><a class="article__author-user" href="/alex-dovbnya"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/alex-m-ava.jpg" class="article__author-img" /> <div class="article__author-name">Alex Dovbnya</div> </a> <div class="article__author-desc">Ether's underperformance is a worrying sign, according to trader John Bollinger </div> </div> <div class="article__wrap"> <div class="article__sticky"> <div class="share share--sticky"> <button class="btn--light share__btn" aria-label="Share btn"></button> <a class="share__link share__link--x" href="#" onClick='gEvent("twitter","shareSlide");window.open("https://twitter.com/intent/tweet?url=https://u.today/legendary-trader-bollinger-issues-major-ethereum-warning&text=Legendary Trader Bollinger Issues Major Ethereum \"Warning\" ", "Twtitter Sharing", "width=1200,height=600");return false;' title="Share to X"></a><a class="share__link share__link--fb" href="#" 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class="btn--light share__link share__link--copy" onclick='gEvent("copy","shareSlide");copyToClipboard(this)' aria-label="Copy link"></button> </div> </div> <div class="article__body"> <div class="article__main"> <div class="article__main-head"> <div class="article__short"> <div class="humble article__short-humble"> <div> <a href="/latest-cryptocurrency-news" hreflang="en">News</a> </div> </div> <div class="humble article__short-humble"> Tue, 19/11/2024 - 19:35 </div> </div> <div class="article__main-btns"> <div class="article__fontSize"> <div class="btn--light article__fontSize-toggle"></div> <div class="article__fontSize-menu"> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-small"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-medium"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-large"></div> </div> </div> </div> <div class="article__listen"> <audio class="article__listen-audio" src="/tts/?page=59874" preload="none"></audio> <button class="btn--light article__listen-btn" aria-label="Play/pause audio"></button> </div> </div> </div> <div class="article__img--wrap"> <img class="article__img" src="/sites/default/files/styles/736/public/2024-11/s3702.jpg" alt="Legendary Trader Bollinger Issues Major Ethereum "Warning" "> </div> <figcaption>Cover image via <a href="/">U.Today</a></figcaption> <div class="disclaimer"> <p class="disclaimer_text">Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.</p> </div> </div> <div class="article__gnews"> <a class="article__gnews-body" href="https://news.google.com/publications/CAAqBwgKMMy2lQsw3ZqrAw?hl=en-US&gl=US&ceid=US:en" target="_blank"> <div class="article__gnews-text">Read U.TODAY on</div> <div class="article__gnews-title">Google News</div> </a> </div> <div class="article__content"> <p dir="ltr">Veteran trader John Bollinger <a rel="nofollow" target="_blank" href="https://x.com/bbands/status/1858944252031758490"><u>weighed in</u></a> on Bitcoin's current price action earlier this Tuesday after the leading cryptocurrency managed to set yet another record high. </p><p dir="ltr">According to Bollinger, the new highs erased a potential bearish Bollinger Band divergence. "Consolidations create potential negatives. That sort of thing is normal in up trends," he added. </p><p dir="ltr">The top cryptocurrency recently reached the $94,000 level <a rel="nofollow" target="_blank" href="https://x.com/krakenpro/status/1858952201655271611"><u>for the first time</u></a> on the Kraken exchange following the launch of IBIT options.  </p><div class="hot"> <div class="hot__head"> <div class="hot__title">HOT Stories</div> <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a> </div> <div class="hot__body"> <a href="https://u.today/bitcoin-to-hit-10-million-after-01-million-samson-mow-insists" class="hot__col"> <div class="hot__col-name">Bitcoin to Hit $1.0 Million After $0.1 Million, Samson Mow Insists</div> </a> <a href="https://u.today/fed-hints-at-gradual-rate-cuts-crypto-market-responds" class="hot__col"> <div class="hot__col-name">Fed Hints at Gradual Rate Cuts: Crypto Market Responds</div> </a> <a href="https://u.today/shiba-inu-shib-sees-worrying-712-increase-in-whale-sales" class="hot__col"> <div class="hot__col-name">Shiba Inu (SHIB) Sees Worrying 712% Increase in Whale Sales</div> </a> <a href="https://u.today/ripple-cto-weighs-in-on-tornado-cash-beating-us-treasury-in-court" class="hot__col"> <div class="hot__col-name">Ripple CTO Weighs In On Tornado Cash Beating US Treasury In Court</div> </a> </div> </div><p dir="ltr">That said, Ethereum (ETH), the second-largest cryptocurrency, is refusing to catch the bullish wave. This has been interpreted as a worrying signal by the legendary chartist. </p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long">  <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="3561648781"></ins> </div> <div class="something__content--square">  <ins class="adsbygoogle" style="display:inline-block;width:300px;height:600px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="2056995427"></ins> </div> </div> </div><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/bitcoin-bull-novogratz-we-are-in-paradigm-shift"><img alt="Bitcoin Bull Novogratz: “We Are in Paradigm Shift” " class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-11/4334333.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Tue, 11/19/2024 - 16:49</div> </div><a class="category-item__title-link" href="https://u.today/bitcoin-bull-novogratz-we-are-in-paradigm-shift"> <div class="category-item__title">Bitcoin Bull Novogratz: “We Are in Paradigm Shift” </div></a> <div class="category-item__footer"><a class="humble humble--author" href="/alex-dovbnya"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-07/8888.jpg" alt="Alex Dovbnya">Alex Dovbnya</a></div> </div> </div> </div></p><p dir="ltr">"For now, it is just a warning, but I am more comfortable with the rising tide lifting all the boats," he said in a post on social media. </p><p dir="ltr">Despite the fact that Bitcoin has surged by more than 4% over the past 24 hours, Ethereum actually remains in the red. According to data provided by CoinGecko, the cryptocurrency is down 0.1% on Tuesday after losing nearly 5% over the past week. </p><p dir="ltr">Earlier today, the ETH/BTC pair reached yet another multi-year low of 0.033 BTC. </p><p dir="ltr">The flagship altcoin is struggling to regain momentum after spot Ethereum ETF products recorded $39.08 million in net outflows on Monday. </p><p dir="ltr">It is worth noting that other major altcoins are also currently underperforming Bitcoin. Dogecoin (DOGE) is the only token that has logged bigger gains than the crypto king. The leading meme coin is up by 10% over the past 24 hours. </p> </div> <div class="article__panel"> <div class="article__tags btns-spacer"> <a class="btn btn--hash-tag" href="/bitcoin-price-prediction">#Bitcoin Price Prediction</a> <a class="btn btn--hash-tag" href="/ethereum-price-prediction">#Ethereum Price Prediction</a> </div> </div> </div> </div> <div class="article__author -hr-"> <div class="article__author-label">About the author</div> <a class="article__author-user" href="/alex-dovbnya"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2019-11/alex-m-ava.jpg" loading="lazy" class="article__author-img" /> <div class="article__author-name">Alex Dovbnya</div> </a> <div class="article__author-desc"><p>Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. 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