After a long wait, the squeeze pattern of the 2-day and 3-day Bollinger Bands for ETH has finally changed, but the trend is not ideal. The originally extremely compressed state has turned into a low compression level, ultimately choosing to break downwards, which undoubtedly disappoints investors who were expecting an upward movement. After all, this kind of squeeze pattern usually indicates that the price is about to experience a significant fluctuation, yet the result is a fall, which is indeed somewhat frustrating.

Nevertheless, the squeezing pattern of ETH still exists in higher time frames. The four-day, five-day, six-day, seven-day, and weekly levels all show characteristics of the Bollinger Bands continuously narrowing. This indicates that the market has accumulated significant energy during these periods, and the possibility of a future breakout has not disappeared. The current low-level breakout direction does not necessarily represent the final trend of the higher time frame, and historical experience shows that breakouts after a squeeze can sometimes produce false signals or short-term reversals.

Overall, the market is at a relatively critical juncture. A downward breakout may trigger further pullbacks, but it also creates space for subsequent rebounds; while the continuation of high-level squeezes indicates that the overall direction is still unclear. Investors need to remain patient and closely monitor changes in trading volume and the performance of key support levels. In a high-uncertainty environment, strict risk management strategies are particularly important. The final direction of the squeeze pattern often requires a comprehensive judgment that combines more technical indicators and fundamental factors. #ETH $BTC