Ethereum Volatility Hits Multi-Month Low: Rally Next or Further Downside?
Ethereum Ethereum Volatility Hits Multi-Month Low: Rally Next or Further Downside? Ethereum (ETH) price trades near $2,120 after losing the lower band of its ascending parallel channel and slipping below the 0.236 Fibonacci retracement at $2,140 last week, leaving bulls and bears divided on the next directional move. The Bollinger Band Width Percentile is at a multi-month low, signaling that volatility expansion is near. Traders now watch whether the demand zone near $1,950 holds or breaks before the price decides which way to go. 4-Hour Chart Shows Bears Still in Control ETH has traded within a descending parallel channel on the 4-hour timeframe since April 26. The token is currently trading at $2,122 and testing the channel midline from below. A break above the midline could open the path to $2,230. That level matches the channels upper boundary and would also clear the daily resistance flagged by short-term traders. ETH 4-Hourly Chart. Source: TradingView However, volume continues to contract during the attempted move. The Relative Strength Index reads near 55, a neutral value that mirrors prior failed bounces inside the channel. Until volume returns, the structure favors sellers. A close below $2,080 would re-anchor the price inside the lower half of the channel and reset the bearish rotation. Demand Zone









