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<p>Renowned trader <strong>John Bollinger</strong> has expressed concerns about Ethereum’s inability to keep up with Bitcoin’s latest rally, raising eyebrows among investors. While Bitcoin hit a record high of $94,000 on Kraken this week, Ethereum and other altcoins struggled to match the momentum, causing unease in the market.</p><div class="wp-block-image"><figure class="aligncenter"><a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" rel="noopener noreferrer nofollow"><img width="728" height="90" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Qubetics is 728x90 1 3" class="wp-image-28237" title="Legendary Trader John Bollinger Warns: “Ethereum Faces Risks” 39"></a></figure></div><h2 class="wp-block-heading" id="bitcoin-soars-to-new-heights">Bitcoin Soars to New Heights</h2><p>This week saw <strong>Bitcoin</strong> reach unprecedented levels, with its climb to $94,000 making headlines globally. The surge, fueled by the launch of IBIT options, has significantly boosted market enthusiasm and captured the attention of both retail and institutional investors.</p><p>Bollinger weighed in on Bitcoin’s performance, emphasizing that the new highs have erased potential bear market divergence signals. “Consolidations can sometimes send mixed signals, but they are a normal part of bullish trends,” he noted. The trader highlighted the importance of a broad-based rally, where all assets rise collectively, for a sustainable market trend.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>New high for <a href="https://twitter.com/search?q=%24btcusd&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$btcusd</a> today erases a potential negative Bollinger Band divergence. Consolidations create potential negatives. That sort of thing is normal in up trends.<br><br>The thing that worries me is that <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> is not participating. For now it is just a warning, but I am more…</p>— John Bollinger (@bbands) <a href="https://twitter.com/bbands/status/1858944252031758490?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a></blockquote></div></figure><h2 class="wp-block-heading" id="ethereum-struggles-to-keep-up">Ethereum Struggles to Keep Up</h2><p>Despite Bitcoin’s success, <strong>Ethereum</strong> has remained in the red, with a 5% weekly decline and ETH/BTC trading at multi-year lows of 0.033 BTC. Analysts point to a $39.08 million net outflow from Ethereum-focused spot ETF products earlier this week as a contributing factor to its underperformance.</p><p>The stagnation of Ethereum has raised concerns among market experts, who believe the second-largest cryptocurrency needs to regain momentum to align with the broader market trend.</p><h2 class="wp-block-heading" id="altcoins-and-dogecoin-shine">Altcoins and Dogecoin Shine</h2><p>While many <strong>altcoins</strong> have underperformed, <strong>Dogecoin (DOGE)</strong> has emerged as a surprise winner, posting a 10% gain in the past 24 hours. This makes DOGE the most notable performer after Bitcoin, as it captured significant market attention during the week.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="1644" height="1200" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart-23.jpeg" alt="chart 23" class="wp-image-29751" title="Legendary Trader John Bollinger Warns: “Ethereum Faces Risks” 40"></figure></div><h2 class="wp-block-heading" id="what-lies-ahead-for-ethereum">What Lies Ahead for Ethereum?</h2><p>The crypto market is now closely watching whether Ethereum can recover and join the ongoing rally. As highlighted by <strong><a href="https://www.turkishnyradio.com/" rel="noopener noreferrer nofollow">Turkish NY Radio</a></strong>, experts like Bollinger believe that Bitcoin’s leadership in driving a market-wide upward trend is essential for a sustainable bull run. However, the current inability of Ethereum and other major altcoins to follow suit presents a potential risk for investors.</p>

Legendary Trader John Bollinger Warns: “Ethereum Faces Risks”

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