lower Bollinger Band support
Ethereum is currently trading at $3,822.54, reflecting a decline of 2.15% as the price action tests critical support at $3,435 during a technical correction. This correction follows the highs seen in October, indicating a significant shift in market dynamics. The testing of the lower Bollinger Band suggests that traders are closely monitoring this support level for potential rebounds or further declines. As the market adjusts, the focus remains on whether Ethereum can maintain its position above this pivotal support threshold. Market participants are analyzing the implications of this correction and its potential impact on future price movements.
