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 <p>Based on data gathered by Bloomberg since 2018, Ether’s Bollinger bandwidth is currently nearing its narrowest point. The Bollinger bandwidth, representing the difference between the upper and lower bands in a Bollinger <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>—a common method for assessing volatility—has tightened.</p>  
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 <p>Market observers with a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> perspective often interpret a constricted Bollinger bandwidth as a precursor to the upcoming volatility in an asset. Additionally, Ether has crossed below the lower band, suggesting that an increase in volatility could potentially result in losses instead of gains.</p> 
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 <p>So far in the month of August, the <a rel="noopener noreferrer nofollow" title="ETH price" href="https://thebittimes.com/tag/eth-price.html">ETH price</a> is already down by 12%. The risk assets have come under pressure amid the Fed’s projections of continuing higher interest rates for longer. As a consequence, Ether has formed a head-and-shoulders price pattern, a technical pattern indicating possible further decreases and suggesting a potential downside target of $1,100.</p> 
 <h3 id="all-eyes-on-ethereum-futures-etf">All Eyes on Ethereum Futures ETF</h3>  
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 <p>Speaking to Bloomberg, Caroline Mauron, co-founder of OrBit Markets, said that the period of reduced activity during the summer seems to have concluded, and there’s a sense of unease in the market after significant price fluctuations last week in a low liquidity environment.</p>  
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 <p>Some traders believe that Ether’s price might go down a bit soon due to big-picture economic factors. But there are other traders who are thinking more long-term. They are getting ready for the possibility of making money because soon, the first US investment funds that focus on Ether’s future value might be approved.</p> 
 <p>If the US Securities &amp; Exchange Commission gives the green light, the first of these ETFs might possibly launch around October 11, analysts James Seyffart and Eric Balchunas from Bloomberg Intelligence suggested.</p> 
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ETH Price to See Volatility Breaking Out of Bollinger Band Squeeze

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